[Featured Stock] SK Hynix Rises on Strong Memory Market and Earnings Growth Outlook

SK Hynix's stock price is on the rise. The outlook that memory market conditions will remain strong in the second half of the year, leading to continued earnings growth, appears to be influencing the stock price.

At 10:02 AM on the 13th, SK Hynix was trading at 180,500 KRW, up 2.03% from the previous day.

Kim Kwang-jin, a researcher at Hanwha Investment & Securities, said, "AI-centered server demand remains strong, and the mobile and PC demand, which was somewhat sluggish in the first half, is expected to gradually improve. SK Hynix is effectively the sole supplier of High Bandwidth Memory (HBM) 3E this year, and is expected to monopolize the price premium effect."

Kim also evaluated that the recent stock price adjustment has increased valuation attractiveness. He added, "The current stock price level is only at the median level in the semiconductor upcycle. The steep earnings growth in the second half will serve as a strong rationale for the stock price rebound. Since the stock price decline was relatively large within the sector, the recovery speed will also be fast."

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