SK Hynix memory prices rise ... 1-quarter earnings forecast ↑ -HMC

[Korea hyerin nine financial newspaper reporter] HMC Investment Securities took 14 days to increase sales and operating profit forecast for the first quarter of SK Hynix than before. This recommendation is made BUY, TP maintains ₩ 69,000.

The Assumes Institute of securities is' SK reflect Hynix's 1Q11 sales and NAND prices and good D-RAM operating profit forecast than expected, respectively 4.5% previous estimate by 14.2%, respectively by 6.1 trillion won and 2.38 trillion won "said," one should change to reflect the change in quarterly and yearly prices of memory sales and operating profit forecasts even 4.4%, a 18.8% raise 24.3 trillion won to 9.24 trillion won, respectively, he said.

January is PC D ram a fixed price is expected to rise by more than 5% increase (compared to 40.0% in the fourth quarter average price rise) did and the first quarter of mobile D-RAM prices are prices up to $ 2.69 DDR4 4Gb standards.

No researchers 'eMMC price of MLC-based are also expected to rise 20% QoQ to 64GB / 128GB product-oriented, eMCP price is going even steeper the other major memory products price rise seems to rise more than 10%' said, "in particular, the major NAND makers 3D NAND investment and 2D products to 3D on the other hand, while concentrating on NAND transition looks shortage supply of smartphones 2D eMMC products, Greater China smartphone eMMC needs of companies remains as eMMC price rise is seems to lead to the second quarter, he said.

In addition, no researcher has given you supply a likely part kepa expansion of Samsung's rise, but more than 4GB LP products share with the DDR4 rising and data center servers D-RAM increased demand for, VR Ready PC demand For 'D Lamb is added, it is expected to continue until the end of the year.

Meanwhile, SK Hynix, but submitted a proposal for the acquisition of Toshiba's NAND corporate jet whether the final bidding explained that we need to watch more.



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