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 … Continue reading