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Looking at the current market mood, it feels like memory is going down either way.
Case 1: If they deliver earnings above market expectations:
“Isn’t this peak-out? Do you really think these profits are sustainable? Memory is cyclical, and this is the top.”
Case 2: If they miss market expectations:
“Memory is over now. Even after excluding bonus provisions, they should have easily printed KRW90tn. Sell on news.”