[THE INVESTOR] SK hynix will improve its performance in the second half of this year due to the rise in demand for DRAM and NAND, according to IBK Investment and Securities on Sept. 7. It maintained a “buy” recommendation for the semiconductor company.
The downward cycle of DRAM since the second half of 2015 will come to end in the third quarter of this year, the securities firm predicted, raising the operating profit forecast for the third and fourth quarter to 633 billion won (US$578.88 million) and 757 billion won, respectively.
The memory chip industry including the latest high-density NAND, will continue to enjoy a boom in 2017, it said, estimating the annual operating profit of SK hynix to rise 25 percent to 3 trillion won.
By Hwang You-mee (
glamazon@heraldcorp.com)
