[Market Focus] SK Hynix Surges 7%... Surpasses 920,000 Won

The share price of SK Hynix surged more than 7% from the previous session, surpassing 920,000 won for the first time in history.

As of 10:21 a.m. on January 30, SK Hynix was trading at 924,000 won, up 63,000 won (7.32%) from the previous session.

On January 28, SK Hynix announced that it had achieved its highest-ever performance. In the fourth quarter of last year, SK Hynix posted an operating profit of 19.1696 trillion won on a consolidated basis, up 137.2% year-on-year, while revenue increased by 66.1% to 32.8267 trillion won.

The securities industry also expressed a positive outlook on SK Hynix. Kim Younggeon, a researcher at Mirae Asset Securities, stated, "Due to memory capacity (CAPA) constraints and inventory reduction, the proportion of long-term supply contracts is expected to increase, and the outlook for memory prices and profits is extremely clear."

On this day, Mirae Asset Securities raised its target price for SK Hynix by 43.3% to 1,370,000 won, up from the previous target of 956,000 won.

This content was produced with the assistance of AI translation services.