[Click eStock] "SK Hynix to Increase Operating Profit Until Next Year"

Daishin Securities forecasted that SK Hynix's operating profit will increase to 23.1 trillion KRW in 2024 and 35.5 trillion KRW in 2025. The investment rating 'Buy' and the target price of 265,000 KRW were maintained.

Shin Seok-hwan, a researcher at Daishin Securities, stated, "The shipment volume of 12-layer HBM3E will start to increase from the fourth quarter," adding, "From 2025, the supply volume of 12-layer HBM3E will expand significantly, contributing greatly to profits."

Researcher Shin evaluated, "SK Hynix has secured a dominant position in the 8-layer and 12-layer HBM3E markets, resulting in differentiated profitability."

In particular, he analyzed, "Although there is a slowdown in recent IT demand improvement and a decline in legacy semiconductor prices due to aggressive capacity expansion by China's CXMT, SK Hynix is expected to see steady profit growth through mix improvement focused on high value-added products (HBM/DDR5/LPDDR5)."

He added, "Considering the continued high growth of AI GPU demand from 2025 to 2026, there is potential for further price increases at the current stock price level."