Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Event Contracts
New
Predict price moves and seize opportunities
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
Stock CFD Derivatives
US Stocks
0 Fee
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
JP Stocks
Top Japanese stocks, all in one place
Stock Futures
High leverage, 24/7 trading
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD Flexible US Treasury
Earn reliable returns from treasury-backed RWAs
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
tag
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
Gate Learn
Crypto guides and educational resources
Gate Blog
Crypto insights and industry updates
Gate Research
In-depth research and market analysis
flower_head
More
Promotions
AI
Others
TradFi（新）
Rewards

Citi Cuts SK Hynix, Samsung Electronics Forecasts on Korean Won Weakness

GateNews
StocksForex
SK Hynix-1.05%
According to Digital Times, Citi downgraded its Q3 operating profit forecasts and target prices for SK Hynix and Samsung Electronics today (September 3) due to weakness in the Korean won exchange rate. Citi reduced SK Hynix's Q3 operating profit estimate from 76.7 trillion won to 74 trillion won and lowered its full-year forecast from 261.1 trillion won to 254.2 trillion won, cutting the target price from 3.1 million won to 3.0 million won. For Samsung Electronics, Citi cut its Q3 operating profit forecast by 10% to 104.1 trillion won from 115.5 trillion won, reflecting approximately 5 trillion won in forex headwinds. The full-year forecast was reduced by 7.1%, with the target price lowered from 450,000 won to 430,000 won. Despite the near-term headwinds, Citi maintained a 'buy' rating on both stocks, citing strong memory market fundamentals and limited semiconductor supply.
View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

6h ago
Citigroup Cuts SK Hynix Q3 Operating Profit Forecast 2.8% to 74 Trillion Won on Won Strength
11h ago
South Korea's Top Department Stores Plunge 37-52% in H2 as Won Strength Weighs on Foreign Sales
09-02 08:02
Samsung Electronics and SK Hynix Fall 4% on September 2 as Share Buybacks of 1.56 Trillion Won Fail to Offset Foreign Selling
In-Depth Analysis

Citi Cuts Samsung and SK Hynix Q3 Forecasts on Won Strength

Lucas Bennett6h ago

Samsung Electronics, SK Hynix Gain Over 1% in Korean Pre-Market on US Stocks Rebound

Lucas Bennett9h ago

Samsung and SK Hynix Stocks Fall on US-Iran Conflict and China HBM News

Lucas Bennett09-02 00:39
Comment
0/400
No comments