[Featured Stock] SK Hynix Hits Record High of 150,000 Won Per Share

[Asia Economy Reporter Hwang Junho] SK Hynix surged over 5% immediately after the market opened on the 2nd, reaching the 150,000 KRW per share level.

As of 9:12 AM, SK Hynix's stock price stood at 149,000 KRW, up 5.3% from the previous closing price. During the session, it climbed to a high of 150,500 KRW, marking a new 52-week intraday high.

The rise is attributed to stronger-than-expected shipments of DRAM and NAND, driven by robust demand for PCs and smartphones. DRAM prices are also expected to slightly exceed forecasts due to improved supply and demand conditions for server DRAM.

Park Yoo-ak, a researcher at Kiwoom Securities, predicted, "Operating profit for the first quarter is expected to reach around 1.3 trillion KRW, a 35% increase from the previous quarter," adding, "Sales are projected to grow 4% to 8.3 trillion KRW."