The South Korean securities house has not recovered from the dip in issuance and sales in the last quarter of 2020.

Net revenues of structured products at Samsung Securities continued their decline in Q1 21 reaching KRW60.8 billion (US$53m), down 40.4% from the peak in Q3 20 or up 16.9% year-on-year (YoY). Early redemption and day-1 profit contributed to 81.1% and 18.9% of the income, respectively, which was derived from equity-linked securities (ELS), equity-linked bonds (ELB), derivative-linked securities (DLS) and derivative-linked bonds (DLB), according to firm’s Q1 FY21 earnings report.   Th

Continue reading with a subscription to the SRP market intelligence platform.

Request Demo

Already a subscriber? Login