[Featured Stock] SK Hynix Rises Over 1% Despite 4Q Losses

"Samsung Electronics May Join Production Cuts"
"If Samsung Electronics Cuts Production, SK Hynix Stock Price Could Benefit"

[Asia Economy Reporter Hwang Yoon-joo] SK Hynix is showing a rise of over 1% despite forecasts that its operating loss in the fourth quarter of this year will be 1.1 trillion won, worse than expected. The possibility of Samsung Electronics participating in production cuts is interpreted as attracting buying interest based on the judgment that the stock price has hit bottom.

As of 9:20 a.m. on the 19th, SK Hynix is trading at 79,300 won, up 1.15% (900 won) from the previous trading day.

On the same day, Kim Yang-jae, a researcher at Daol Investment & Securities, stated, "The operating loss in the fourth quarter is expected to be 1.1 trillion won, falling short of consensus," and added, "A large-scale deficit is expected due to inventory valuation losses."

Researcher Kim analyzed, "Considering the inventory and price decline in the memory industry, Samsung Electronics is likely to adjust supply as early as the first quarter of 2023," and "The direction of SK Hynix's stock price will be determined depending on whether Samsung Electronics participates in production cuts in its fourth-quarter earnings announcement this year."

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