[Market Focus] SK Hynix Surpasses 300 Trillion Won in Market Cap... Strong Memory Semiconductor Demand Drives Growth

SK Hynix is showing strong performance. This is believed to be influenced by securities firms' analysis that the semiconductor market conditions are favorable.

As of 9:07 a.m. on October 10, SK Hynix was trading at 422,500 won, up 6.83% from the previous day. Its market capitalization has surpassed 307 trillion won.

Ryu Youngho, a researcher at NH Investment & Securities, stated, "The current memory environment is experiencing stronger-than-expected price increases due to robust demand amid limited supply," adding, "Based on this, we are raising our forecast for next year's DRAM (Dynamic Random-Access Memory) ASP (Average Selling Price) growth rate from the previous 12.6% to 19.2%."

Accordingly, Ryu raised his investment opinion on SK Hynix to 'Buy' and increased the target price to 500,000 won.

Ryu also noted, "Since we have conservatively applied HBM (High Bandwidth Memory) prices, there is still potential for further increases," and added, "Although HBM contracts have not yet been finalized, we expect the situation to be favorable for memory manufacturers."

He said, "We expect SK Hynix's third-quarter revenue to reach 24.6 trillion won, up 39.8% year-on-year, and operating profit to rise 58.9% to 11.2 trillion won, exceeding market expectations." He added, "In addition to the DRAM price increases centered on general servers, the more favorable-than-expected high-capacity NAND situation is likely to result in performance surpassing market forecasts."