Korea Investment & Securities said on the 25th that it expects SK hynix to show less performance volatility even if competitors enter the market. It raised the target stock price from 340,000 won to 390,000 won and maintained its investment opinion at 'buy.'
Researcher Chae Min-sook from Korea Investment & Securities noted, "Both the second-quarter sales and operating profit have set quarterly records, and this streak of new records is expected to continue throughout the year."
SK hynix recorded second-quarter sales of 22.2 trillion won, a 35% increase from the same period last year, while the operating profit was 9.2 trillion won, up 69% during the same period.
Researcher Chae explained, "While high-bandwidth memory (HBM) maintained solid performance, both general-purpose DRAM and NAND contributed to strong results as their shipment growth levels significantly exceeded initial forecasts."
She added, "SK hynix indicated that while HBM4 is a product with significant technological changes leading to unavoidable cost increases, it is negotiating with customers to maintain profitability at current levels."