SK Hynix raised earnings estimates need ... D Ram profitability steep - Eastern

[Korea hyerin nine financial newspaper reporter] Dongbu Securities said the improved profitability steep for SK Hynix DRAM 22 days demonstrated felt the need to adjust upward this year's earnings estimates. BUY with a target price of ₩ 64,000 kept.

Dongbu Securities Issues viscosity researchers' DRAM prices are expected to rise above the first quarter of this year DRAM operating profit margin of 40% profitability improvement expected to exceed the mid steeper 'supply side much said,' annual DRAM demand growth of 20% the current situation in the second half can continue to supply shortages Given "he said.

Next, the researchers Issues "At present we estimate 1Q12 operating profit (2.0313 trillion won) and operating profit this year, I feel the need to realize unrealistic earnings upward revision to feel that low, he said.

DRAM demand has reached the pinnacle critics said were homes where there are no grounds for the claim. Volume researchers explained, 'SK very conservative in an industry-wide DRAM Capa expansion, including Hynix, said, "still have the ability to look at the set, DRAM density of DRAM is still rising PC. In addition, he said adding "the current proportion fell short in the past, yet the average level of 4% level, '' after the Spring Festival to decline in the quantity required strength it from coming to China inde generally no such signs.



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