DAISHIN SECURITIES analyzed on the 9th that an environment has been created where SK hynix can challenge the previous high again as the uncertainty in the high-bandwidth memory (HBM) market eases along with robust general semiconductor performance. The investment opinion remains 'buy,' with a target price of 360,000 won.
Researcher Ryu Hyung-kyun from DAISHIN SECURITIES stated, "Favorable changes have occurred for the stock price of the pure memory semiconductor corporation SK hynix," and noted, "Reflecting the growth of general semiconductor products, we have raised the third-quarter operating profit forecast to 11 trillion won."
Researcher Ryu noted, "The uncertainty related to next year's HBM supply negotiations is expected to ease within this month," and added, "While the market's focus will be on the intensity of competition, SK hynix is likely to maintain its market leadership."
He continued, "If there are concerns in the market, it is that the increase in expenses, such as performance-based pay, could accelerate," but he assessed, "Since a large portion of the related expenses was recognized early in the first half, the possibility of annual operating profit forecasts being downgraded due to increased expenses in the second half is limited."