SK hynix shares were in the 890,000-won range early on the 30th.
As of 9:21 a.m., SK hynix stock was trading on the Korea Exchange at 894,000 won, up 3.83% (33,000 won) from the previous session.
Earlier, SK hynix said it posted sales of 97.1466 trillion won and operating profit of 47.2063 trillion won last year. Sales rose 46.8% from a year earlier, and operating profit increased 101.2%. Net profit came to 42.9479 trillion won, up 116.9% from a year earlier. SK hynix renewed its all-time best results following 2024.
Brokerages collectively raised their target prices. Meritz Securities set the highest target price at 1.45 million won, while ▲ DS Investment & Securities 970,000 won ▲ Daishin Securities 1.25 million won ▲ Hana Securities 1.28 million won ▲ Korea Investment & Securities Co., Samsung Securities 1.3 million won ▲ NH Investment & Securities 1.12 million won.
Kim Sun-woo, a Meritz Securities researcher, said of the memory cycle, "Explosive demand could emerge in the middle of this year, but suppliers' visibility is low," and predicted, "The largest-ever supply-demand gap will open in the middle of this year."
They added, "Buyers' inventory levels still appear to be very low, and buyers have not yet triggered speculative or long-term stockpiling demand," and expected, "Double ordering will surge in the second to third quarter this year."