SK Hynix, 'Rediscovery of NAND' Stock Price at 85,500 Won (2.64%)

As of 9:30 AM on the 3rd, SK Hynix is trading at 85,500 KRW, up 2.64% from the previous day. The trading volume is 1,900,775 shares, which is 61.74% of the previous day's volume. SK Hynix is known as a global memory semiconductor manufacturing company.

On June 1st, Sunwoo Kim, a researcher at Meritz Securities, stated, "3Q20 turnaround outlook for the NAND division: 1) operating leverage based on a sharp increase in shipments, 2) cost reduction through process efficiency, 3) some one-time gains. The company's NAND OPM is expected to achieve +2% in 3Q20 ahead of the company's forecast from -48% in 4Q19. Concerns related to the DRAM market due to COVID-19 are emerging with a lag. Although some resistance to price increases from data center customers exists, considering supply restrictions by leading companies and inventory depletion, the mid-to-short-term slight adjustment period is expected to be limited to 4Q20 to 1Q21." He set SK Hynix's target price at 110,000 KRW.

Over the past five days, individual investors have net sold 1,151,204 shares of SK Hynix, while foreigners and institutions have net sold 1,517,802 shares and net bought 2,634,603 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automated article creation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.

This content was produced with the assistance of AI translation services.