"SK Hynix, DRAM inventory adjustment forecast" Investment opinion maintain a BUY(Kiwoom Securities)
"SK Hynix, DRAM inventory adjustment forecast" Investment opinion maintain a BUY(Kiwoom Securities)
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  • 승인 2020.08.13 18:11
  • 최종수정 2020.08.13 17:14
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This article is translated by AI company Flitto and Infostock Daily using neural machine translation technology.
SK하이닉스
SK Hynix

[Infostock Daily= Reporter An Hoe Hyun] Kiwoom Securities estimates that 3Q operating profit for SK Hynix will fall 29% on-quarter to 1.4 trillion won, below market consensus. The investment opinion said it will maintain a 'Buy' and a target share price of 105,000 won.

Kiwoom Securities said, "Although PC demand is expected to exceed expectations, sluggish demand for memory semiconductors, mainly servers and mobile, will lead to a slowdown in overall earnings. In the case of DRAM, shipments and prices will fall together due to inventory adjustments by cloud customers. "

By business division, DRAM expects sales and operating profit to fall 15% and 29% to 5.4 trillion won and 1.6 trillion won on-quarter, respectively, while NAND expects operating loss to continue at 178.3 billion won.

Kiwoom Securities analyzed that, “However, as the DRAM market is expected to recover from the end of this year and competitive smartphone launches are expected to make up for the sluggishness this year, it is desirable to have a strategy to gradually expand the proportion of SK Hynix investment. "

Reporter An Hoe Hyun ahh@infostock.co.kr


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