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    A000660   KR7000660001

SK HYNIX INC.

(A000660)
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SK Hynix Expects Chip Demand to Continue to Be Strong

07/26/2021 | 07:53pm EDT

By Kwanwoo Jun

SK Hynix Inc. said Tuesday it expects demand for memory chips to remain strong in the second half of this year.

The world's second largest memory-chip maker reported that its second-quarter net profit rose 57% from a year earlier to 1.988 trillion won ($1.72 billion), above the consensus expectation of analysts, on solid chip demand.

Sales of memory chips used in personal computers and other consumer electronics devices surged during the quarter, while those for data servers recovered, the South Korean company said in a statement.

Going into the second half of 2021, SK Hynix expects demand for NAND flash memory products to increase as more mobile devices adopt high-capacity data storage systems that need more chips.

Demand for solid-state drives will also likely grow, it said.

SK Hynix said it seeks to make its NAND flash memory chip unit profitable in the third quarter while boosting its output of DRAM chips by using the extreme-ultraviolet, or EUV, equipment.

The company in February signed a five-year deal worth KRW4.755 trillion to buy the EUV equipment for making next-generation chips from Dutch semiconductor-equipment maker ASML Holding N.V.

Higher memory-chip prices on tight supply of DRAM chips and a faster-than-expected recovery in NAND chips led to SK Hynix's strong earnings results in the first half of 2021.

Revenue rose 20% from a year earlier to KRW10.322 trillion for the second quarter--also beating market consensus--while operating profit jumped 38% on-year to KRW2.695 trillion.

Shares of SK Hynix rose 0.9% to KRW118,000.

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

(END) Dow Jones Newswires

07-26-21 2153ET

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Analyst Recommendations on SK HYNIX INC.
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Financials
Sales 2021 42 972 B 36,3 B 36,3 B
Net income 2021 9 587 B 8,10 B 8,10 B
Net Debt 2021 5 996 B 5,07 B 5,07 B
P/E ratio 2021 8,05x
Yield 2021 1,31%
Capitalization 73 575 B 61 985 M 62 171 M
EV / Sales 2021 1,85x
EV / Sales 2022 1,32x
Nbr of Employees 29 047
Free-Float 73,9%
Chart SK HYNIX INC.
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SK hynix Inc. Technical Analysis Chart | A000660 | KR7000660001 | MarketScreener
Technical analysis trends SK HYNIX INC.
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 34
Last Close Price 107 000,00 KRW
Average target price 159 294,12 KRW
Spread / Average Target 48,9%
EPS Revisions
Managers and Directors
Seok-Hee Lee President, Chief Executive Officer & Director
Jung-Ho Park Co-Chief Executive Officer & Director
Kwon Hong Managing Director & Head-Finance
Tae-Won Chey Chairman-Executive Board
Tae-Hoon Kim Managing Director & Head-Technology
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