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On January 30th, analysts C.W. Chung and Eon Hwang at Nomura Securities issued a report, asserting that SK Hynix's first-quarter profit is poised to outperform, buoyed by memory chip price hikes that have surpassed initial projections. These analysts have revised their quarterly operating profit estimate for the South Korean semiconductor manufacturer upwards, from KRW 21 trillion to KRW 29 trillion. The report highlights that DRAM and NAND memory product prices are projected to escalate by 56% and 40% on a quarter-over-quarter basis, respectively, outstripping Nomura's prior predictions of 23% and 20%. Consequently, Nomura has elevated SK Hynix's target share price by 42%, setting it at KRW 1.25 million, while reaffirming a 'buy' recommendation. Notably, SK Hynix's stock price recently witnessed a 4.5% uptick, trading at KRW 900,000.
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