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Citi expects SK Hynix's first-quarter operating profit to soar 426% year-on-year, raising target price to KRW 1.7 million
1 day ago /
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Author：小编
Citi forecasts that SK Hynix, the global leader in memory chips, will report an operating profit of KRW 39.1 trillion in the first quarter, representing a 104% increase quarter-on-quarter and a significant 426% surge year-on-year. This growth is attributed to rising memory chip prices and increased HBM sales in the first quarter. It is anticipated that the price of 64GB server DDR5 DRAM will remain robust in the second half of the year, while HBM demand and long-term supply contracts will enhance profit visibility and mitigate cyclical impacts. Citi maintains its 'buy' rating and has raised the target price from KRW 1.55 million to KRW 1.7 million.
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