[Click eStock] "SK Hynix, Additional Rise Expected After Period Adjustment"

On the 26th, BNK Investment & Securities forecasted that SK Hynix will see additional gains after a period of adjustment. They maintained their 'Buy' rating and target price of 210,000 KRW.

SK Hynix's sales in the first quarter of this year increased by 144% year-on-year to 12.43 trillion KRW, and operating profit turned positive to record 2.88 trillion KRW during the same period.

Minhee Lee, a researcher at BNK Investment & Securities, said, "Second-quarter earnings are expected to achieve the highest quarterly operating profit," adding, "Price increases centered on DRAM servers and a premium rise due to the full-scale supply of High Bandwidth Memory (HBM) 3E are anticipated." She also projected, "NAND will see improved performance at subsidiary Solidigm due to increased demand for enterprise solid-state drives (eSSD) based on quadruple-level cell (QLC) technology for AI servers."

Lee further stated, "Demand for AI servers remains strong, and dominance in the premium HBM market is solid," adding, "The 160,000 KRW level, which was a stock re-rating turning point, is expected to act as a support level, with additional gains anticipated going forward."