As of 11:30 AM on the 4th, SK Hynix is trading at 118,000 KRW, up 5.83% from the previous day. The trading volume is 4,732,440 shares, which is about 71.9% of the previous day's volume. SK Hynix is known as a global memory semiconductor manufacturing company.
On December 4th, analyst Lee Subin of Daishin Securities stated, "On December 3rd, a power outage occurred at Micron's Taiwan DRAM fab. Considering that the DRAM production lead time is about three months and that this fab accounts for 9% of the total DRAM supply capacity, the impact on supply is estimated to be more severe than initially expected. Our company had forecasted the DRAM price increase cycle to begin in the second quarter of 2021, citing that the first quarter is an off-season and that customers' inventory levels exceed historical averages. However, due to this power outage, demand to secure safety stock is expected to arise, accelerating the entry into the upcycle." He set the target price for SK Hynix at 140,000 KRW.
Over the past five days, individual investors have net sold 2,321,771 shares of SK Hynix, while foreigners and institutions have net bought 1,764,329 shares and 712,246 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.
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