[Click eStock] "SK Hynix Stock Price to Remain in a Box Range for the Time Being"

by Hwang Yoonju

Published 16 Jan.2025 11:31(KST)

Yonhap News

Kiwoom Securities forecasted on the 16th that SK Hynix's performance in the first quarter of this year will decline compared to the fourth quarter of last year.

Park Yu-ak, a researcher at Kiwoom Securities, stated, "SK Hynix's stock price is expected to show a box range movement for the time being."

Researcher Park analyzed, "First-quarter sales are expected to decrease by 8% from the previous quarter to 18.1 trillion won, and operating profit is expected to fall by 14% to 6.8 trillion won compared to the previous quarter," adding, "This reflects the market's weak demand and the decline in prices of general-purpose memory."

Researcher Park diagnosed, "Due to the rack issue with Nvidia's Blackwell, sales are expected to be delayed in the first half of the year," and "Since demand for the Hopper series is also expected to turn downward compared to the previous quarter, the performance growth of SK Hynix's HBM is likely to slow down somewhat."

He added, "Demand for general-purpose memory other than HBM is expected to rebound from the mid to late second quarter as distribution inventory levels decrease."