[서울경제TV=김혜영기자]Daol Investment & Securities said on the 19th that while SK Hynix is expected to post a large-scale deficit in the fourth quarter of this year due to inventory valuation losses, the stock price direction will be determined by Samsung Electronics’ participation in production cuts. It was lowered from 120,000 won to 105,000 won.
Kim Yang-jae, a researcher at Daol Investment & Securities, estimated, “SK Hynix’s sales in the fourth quarter of this year are expected to record 8 trillion won, down 34.7 percent from the previous year, and its operating profit is expected to be -1.1 trillion won, below the consensus.” “In the fourth quarter, a large-scale turnaround in the red is inevitable due to inventory valuation losses,” he said. I will record it,” he analyzed. In addition, he added, “The average selling price (ASP) will be -24% below the previous estimate,” adding, “Deterioration in performance is expected to be inevitable until the first half of next year due to NAND inventory valuation losses and the followingmath of DRAM turning to a loss.”
Researcher Kim said, “Memory companies, except Samsung Electronics, have cut capital expenditures (CAPEX) and started to cut production in order to reduce inventory.” There is a possibility that it will start to control supply.” In response, he emphasized, “We expect Samsung Electronics’ participation in production cuts in the fourth quarter earnings announcement will determine the direction of SK Hynix’s share price.”
He said, “In the case of DRAM, where the cost difference between the second and third place companies is not large, there is no practical benefit in the game of chicken.” Analyzed. /hyk@seadaily.com
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