Analyst: SK hynix’s Q2 earnings are expected to hit an all-time high

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Mars Finance news: Meritz Securities analyst Kim Sun-woo said that boosted by one-time investment gains and rising semiconductor prices, SK Hynix is expected to post record second-quarter earnings. The analyst estimates that SK Hynix’s pre-tax profit from April to June will exceed 100 trillion won, including operating profit of 6.01 trillion won and investment gains of 4.16 trillion won from holdings in Japan’s Kioxia acquired through US private equity firm Bain Capital. This performance would surpass the company’s first-quarter record of 5.88 trillion won in operating profit. He added that in the second quarter, DRAM and NAND storage chip prices rose by 30% and 49%, respectively. (China Business Network)
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