 |
SK Hynix. (Photo=SK Hynix) |
[Alpha Biz= Reporter Kim Sangjin] DB Financial Investment, as the first domestic securities firm, raised its target price for SK hynix to 300,000 won, highlighting expectations of performance growth based on High Bandwidth Memory (HBM).
On the 21st, DB Financial Investment revised SK hynix's target price upward by 39.5% from the previous 215,000 won to 300,000 won. They maintained a 'buy' rating.
DB Financial Investment stated, "SK hynix's second-quarter revenue is expected to increase by 129% year-on-year to 16.8 trillion won, and operating profit is expected to turn positive year-on-year to 5.8 trillion won, surpassing market expectations by 7% and 18%, respectively. Amid favorable exchange rates, continuing strong demand for AI-based High Bandwidth Memory (HBM) and eSSDs will sustain robust second-quarter memory shipments and pricing compared to the previous quarter." They further analyzed, "In particular, some replacement demand for general servers in the second half of this year is expected to support memory shipment volumes and price increases."
DB Financial Investment forecasted SK hynix to achieve operating profits of 25 trillion won this year and 35 trillion won next year, up from previous estimates of 21 trillion won and 23 trillion won, respectively.
Regarding SK hynix smoothly supplying HBM3E 8-stack to major GPU manufacturers in the second half of this year, DB Financial Investment assessed that based on its HBM post-processing technology competitiveness and quality stability, SK hynix is likely to lead the market by supplying significant volumes of HBM3E 12-stack from next year onwards.
AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)
