[Click eStock] "SK Hynix, NAND Division Profitability Expected to Improve in Second Half"

[Asia Economy Reporter Park Jihwan] Daishin Securities forecasted on the 2nd that SK Hynix's NAND business division will improve in the second half of the year, offsetting the sluggish performance of the DRAM division. The investment opinion was 'Buy', with a target price of 115,000 KRW.

Researcher Lee Subin of Daishin Securities stated, "SK Hynix's operating profit for the second quarter is expected to increase by 122% compared to the previous quarter to 1.78 trillion KRW, and sales are projected to rise by 20% to 8.6 trillion KRW,"

In particular, the improvement in the NAND business division in the second half is expected to be positive. Researcher Lee Subin said, "From the third quarter, SSDs are expected to be shipped for game consoles, and cost reduction through process transition is progressing rapidly, which will offset the sluggishness in the DRAM business division."

He added, "Before the server DRAM contract prices are finalized or during the negotiation atmosphere in the second half, price increases are expected to be difficult," and "the average price of the main product of server DRAM, 32GB RDIMM, is expected to fall from 145 dollars in the second quarter to around 130 dollars in the third quarter."

Researcher Lee also added, "Although the supply and demand situation for server memory semiconductors will become unfavorable for suppliers in the second half, the recovery of smartphone shipments in the second half is expected to make the supply and demand situation for mobile memory semiconductors advantageous."

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