[Featured Stock] SK Hynix Rises Over 4% on Q2 Earnings Rebound Outlook

[Asia Economy Reporter Hwang Yoon-joo] SK Hynix is on the rise amid forecasts that its operating profit will rebound to the 4 trillion won range in the second quarter of this year.

As of 9:25 a.m. on the 17th, SK Hynix is trading at 122,000 won, up 4.72% (5,000 won) compared to the previous trading day. Foreign investors and institutions are driving the stock price by net buying 49.9 billion won and 303.9 billion won, respectively.

On the same day, Park Yoo-ak, a researcher at Kiwoom Securities, analyzed, "Operating profit in the second quarter is expected to turn around to 4 trillion won," adding, "From the second quarter, the cost reduction rate of DRAM will exceed the price decline rate, improving profitability, and shipments (+15% QoQ) will also surge due to increased demand from cloud customers."

In the case of NAND flash, it is expected that shipments (+35% QoQ) and prices (+11% QoQ) will surge due to the effect of Solidigm's consolidation and the peak season demand effect.

Researcher Park explained, "From the second quarter of 2022, the memory semiconductor market will shift from a consumer-favorable market to a seller-favorable market," and added, "Reflecting the 2022 price forecasts for DRAM and NAND flash, we are raising SK Hynix's earnings forecasts and target stock price."

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