[Featured Stock] SK Hynix Falls on Q1 Loss Forecast of 4 Trillion Won
SK Hynix is experiencing a decline amid forecasts of an operating loss in the 4 trillion won range for the first quarter of this year.
As of 2:54 PM on the 15th, SK Hynix is trading at 79,300 won, down 2.34% (1,900 won) from the previous day.
Researcher Wi Min-bok of Daishin Securities stated, "We estimate the first quarter operating loss to be 4.2 trillion won," adding, "During this period, the average selling price (ASP) of DRAM was adjusted downward by -28%, but due to a change in the calculation method (reflecting previously recognized provisions), the estimated inventory valuation loss was revised from 1.7 trillion won to 1.1 trillion won."
Researcher Lee Seung-woo of Eugene Investment & Securities also forecasted, "The first quarter performance is expected to worsen significantly, with sales of 5.3 trillion won and an operating loss of 3.9 trillion won." He further analyzed, "Although the market conditions and performance have passed the bottom, the depth of that bottom is deeper than expected, making it highly likely that the scale of this year's deficit will increase."
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After closing at 81,100 won, down 3.80% the previous day, SK Hynix continued its downward trend today, breaking below the 80,000 won level.
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