[Featured Stock] "HBM Leader Continues"… SK Hynix Up Over 5%

SK Hynix's stock price is showing strength as it is expected to maintain its market dominance in high-bandwidth memory (HBM) supply this year, following last year.

As of 10:53 AM on the 3rd, SK Hynix was trading at 180,400 KRW, up 9,200 KRW (5.37%) from the previous trading day.

Korea Investment & Securities recommended SK Hynix as the top pick within the sector on the same day, maintaining a target price of 270,000 KRW and a buy rating.

Researcher Chaemin-sook from Korea Investment & Securities analyzed, "Last year, SK Hynix exceeded its HBM sales targets and plans to nearly double its supply this year," adding, "Competitor Samsung Electronics has yet to fully penetrate Nvidia, the main customer for HBM. Micron supplies HBM to Nvidia following SK Hynix, but its production capacity and supply volume are smaller than SK Hynix’s."

She also stated, "The fourth-quarter performance last year is expected to record sales of 20 trillion KRW and an operating profit of 8.3 trillion KRW," noting that "the operating profit will exceed the market consensus forecast of 8 trillion KRW by 3%."