In early trading on the 29th, SK Square hit a 1-year high. As SK hynix announced its best results ever the previous day, buying appears to be concentrating in SK Square, where the value of its equity is coming into focus.
As of 9:21 a.m. that day on the Korea Exchange, SK Square was trading at 523,000 won, up 19,000 won (3.77%) from the previous session. It climbed as high as 560,000 won intraday, marking a 1-year high for the third straight session.
SK Square is an intermediate holding company that owns equity in SK hynix, so improvements in Hynix's earnings and a rising share price are directly tied to an expansion of SK Square's net worth asset value (NAV).
Earlier, after the regular session closed, SK hynix said it achieved record quarterly results in the fourth quarter of last year, posting revenue of 32.8267 trillion won, operating profit of 19.1696 trillion won, and an operating margin of 58%. Annual operating profit came to about 47 trillion won, surpassing Samsung Electronics.
SK hynix also announced measures to expand shareholder returns. It decided to pay an additional dividend of 1,500 won per share and plans to cancel all 15.3 million treasury shares (about 1.24 trillion won) on Feb. 9.