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Samsung seen tapping US$55b cash pile for share buyback

Removing more than US$1 billion of stock from the market could prompt shares to rally by as much as 20 per cent

The company has lost about US$25 billion in market value this year as sales of the S6 and Note 5 devices sputter against new models from Apple Inc and Chinese makers.


INVESTORS in Samsung Electronics Co are watching their holdings plunge as new Galaxy smartphones get a lukewarm public response. With US$55 billion in cash, the company may be poised to offer consolation.

Analysts expect the world's biggest smartphone maker to buy back shares