Samsung tops list of most promising multinational investments
Samsung Electronics ranks first on a list of the most promising big multinational companies to invest in, based on a Bloomberg analysis of stock analysts' recommendations.
Asia's biggest maker of semiconductors rated 4.9 out of a possible 5, outscoring Apple, Google and the 47 other stocks in the Dow Jones Global Titans Index, a gauge of the corporations with the biggest market value (excluding Chinese companies).
According to Bloomberg, Samsung made a third quarter profit increase of 17%, driven by gains in sales of computer memory chips with net income climbing to 4.46trillion won ($4 billion). Sales increased 12% to 40.2trillion won, in line with a preliminary earnings estimate on Oct. 7.
