[THE INVESTOR] SK hynix will post 9.98 trillion won (US$8.87 billion) operating profit this year, up 204 percent on-year, estimated Mirae Asset Daewoo on April 26, raising the target price to 62,000 won from 54,000 won.
Considering the recent DRAM and NAND markets, the tight supply will continue into the second quarter, pushing the average price of its products up 4 percent, forecasted analyst Do Hyeon-woo.
The analyst maintained a “trading buy” recommendation, while saying that the situation will ease in the second half.
By Hwang You-mee (glamazon@heraldcorp.com)