HI-P

Smartphones / HI-P: SHARES of Samsung Electronics, the largest smartphone maker in the world, slumped 3.8% on Friday after it forecast that 2Q13 earnings would miss analysts' estimates. Samsung said that it would post a 9.5 trillion won (S$10.55b) operating profit for the quarter when it officially declares the result later this mth. The profit number was below average analysts' consensus forecast of around 10 trillion won. On back of weaker S4 sales. Read through in the industry has not been too positive, sentiment could impact on HI-P