SK hynix was strong on the 21st, two days before its first-quarter earnings release this year. During trading, it surpassed 1.2 million won, hitting an all-time high.
As of 9:14 a.m. that day, SK hynix was trading at 1,214,000 won on the Korea Exchange, up 48,000 won (4.12%) from the previous session.
It is interpreted as investor sentiment being stimulated ahead of the first-quarter earnings release on the 21st.
In the securities industry, there was a projection that SK hynix's operating profit in the first quarter would exceed 40 trillion won. Samsung Securities said, "The nature of the DRAM industry is shifting from a cyclical industry to an infrastructure industry focused on quality," presenting first-quarter revenue of 53.6 trillion won and operating profit of 40.2 trillion won.
Lee Jong-uk, an analyst at Samsung Securities, said, "The key to the earnings surprise is that the strength of product price increases centered on server DRAM is higher than initially expected," adding, "We expect record results since the company's founding." Samsung Securities estimated that in the first quarter SK hynix raised DRAM prices by 95%, with blended ASP up 60%.
Accordingly, the securities industry is steadily raising SK hynix's target price. ▲ KB Securities 1.9 million won ▲ Samsung Securities, IBK Securities, Korea Investment & Securities Co. 1.8 million won ▲ Meritz Securities 1.7 million won ▲ LS Securities 1.5 million won, and so on.