SK Hynix's stock price is on the rise. This appears to be influenced by this year's strong performance forecasts from the securities industry and the U.S. stock market closing higher, led by technology stocks.
As of 9:18 a.m. on the 18th, SK Hynix is trading at 230,500 KRW, up 7,500 KRW (3.36%) compared to the previous trading day.
On the same day, Go Young-min, a researcher at Daol Investment & Securities, said, "Shipments of HBM (High Bandwidth Memory) and high-capacity eSSD (enterprise SSD) are still rapidly confirmed compared to competitors," and raised the target price for SK Hynix from 290,000 KRW to 295,000 KRW. The buy rating was also maintained.
Researcher Go stated, "Second-quarter sales this year are expected to reach 16.3 trillion KRW, a 31% increase from the previous quarter, and operating profit is expected to increase by 9.2% to 5.2 trillion KRW, exceeding market expectations," adding, "Annual sales are projected at 68.5 trillion KRW and operating profit at 22.2 trillion KRW, indicating a return to profitability."
Domestic semiconductor stocks, which experienced significant price adjustments the previous day, are generally on the rise along with the strength of technology stocks in the U.S. market. On the 17th (local time), the three major indices of the New York Stock Exchange all closed higher, supported by a rebound centered on technology stocks.
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