SK Hynix, 'Rediscovery of NAND' Stock Price at 89,400 Won (1.94%)

As of 10:30 AM on the 5th, SK Hynix is trading at 89,400 KRW, up 1.94% from the previous day. The trading volume is 1,494,582 shares, which is about 22.48% of the previous day's volume. SK Hynix is known as a global memory semiconductor manufacturing company.

On June 2, Kim Sun-woo, a researcher at Meritz Securities, stated, "The DRAM market is expected to undergo a short-term adjustment period as the lagging effects of COVID-19 emerge in the second half of the year. However, the company's NAND business is likely to achieve an early turnaround to profitability in 3Q20 due to 1) strong shipment growth rate, 2) cost competitiveness gained through hole etching, and 3) one-time gains (vs. company guidance of 4Q20). The memory price adjustment period is expected to be from 4Q20 to 1Q21, and the stock price is expected to start reflecting the resumption of the upcycle from 2Q next year during the second half of this year." He set the target price for SK Hynix at 110,000 KRW.

Over the past five days, individual investors have net sold 1,912,617 shares of SK Hynix, while foreigners and institutions have net sold 2,113,285 shares and net bought 3,957,285 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automated article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.