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(Photo = SK Hynix) |
[Alpha Biz=(Chicago) Reporter Paul Lee] Sangsangin Securities predicted that SK Hynix's performance will improve faster than its competitors. The target price has been raised from 177,000 won to 210,000 won. The investment opinion remained 'buy'.
According to Sangsangin Securities on the 18th, SK Hynix's sales in the first and fourth quarters of this year are expected to reach 11.8378 trillion won, up 132.7% from a year earlier. Operating profit is expected to turn into a surplus of 1.2746 trillion won. It is slightly more than the existing market forecast (1.1846 trillion won).
"DRAM has a 15% drop in Bit shipments compared to the previous quarter due to the seasonal off-season, but the average sales unit (ASP) is expected to rise 17% due to inventory demand of our customers," Sangsangin Securities said. "Nand is expected to see an increase in both shipments and ASP, resulting in sales of about 4 trillion won," said Sangsangin Securities.
This year, the HBM market is expected to expand 233.7% year-on-year to about 20.2 trillion won. In particular, SK Hynix is expected to benefit the most from fast yield stabilization through mass production experience.
AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)
