Investment Analysis

2015.10.08 – SK Hynix (000660)

Rating: Overweight

Target Price (KRW): 44,300

Price (8 Oct 2015, KRW): 37,550

3Q15 Earnings Forecast Solid: We forecast SK Hynix to post sales of KRW5.00T (+9%,QoQ), operating profit of KRW1.4T (-3%,QoQ) and net profit of KRW1.07T (-3%,QoQ) for its upcoming 3Q15 earnings announcement on Oct. 22. Despite recent downtrend in PC DRAM ASP, SK Hynix’s decision to increase Mobile DRAM production portion has been the main catalyst. Moreover, NAND production and shipment is expected to increase with larger demand coming from across the globe

Download Report:

SK Hynix (000660)_151010

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