[Korea Seo Hye Rin nine financial newspaper reporter] Toshiba's memory business plans Moline injection in bankruptcy is finalized today. Toshiba has been received the day before noon memory business acquisition reserve auction results, SK Hynix seems jumped into insujeon. In Korea, it comes the observation that foreign investors have four consecutive days SK Hynix's net buying trend continues to expect a Toshiba stake in SK Hynix. Results announced preferred bidder is scheduled 6 month.
30 days Toshiba held a shareholders' meeting to resolve the memory business jet. Stakes related to the preferred bidder is expected to be selected in June, it was announced that it plans to complete the sale by the end of March next year.
Toshiba has received preliminary bids until noon yesterday, saying it had received a variety of arguments offered. According to the Nihon Keizai Shimbun, companies showed interest in the acquisition is more than ten. The representative explained that Taiwan expects the Hong Hai Group and TSMC, US Micron Technology and Western Digital China, Tsinghua Uni Group in the auction.
In particular, in February, reportedly had been presented to SK Hynix has more than 10 trillion won pony up the takeover premium, subject to the acquisition of a majority stake in the 2-3000000000000 won sseonaen known as insuga when the first bid.
SK Hynix are among the observations that entered the Toshiba shares insujeon emerges analysis does the buying trend of foreigners at the securities market alarming.
Foreign investors yesterday bought 43.9 billion won for SK Hynix. The last 24 days, 38.9 billion won, 27, 106.9 billion won, 28, and net purchases of 26.6 billion won, went on a buying four consecutive days.
The last one semiconductor business analyst in January there are SK Hynix during a successful Toshiba acquisition, expected to increase the skill level NAND bar.
Mirae treated dohyeon Wu researchers Samsung Electronics, Micron-performance from Western Digital Union economies of scale and synergy aspects Intel in NAND business due to aggressive investments by Chinese companies are expected to increase the competitive strength of SK Hynix, Toshiba forecast would be able to. "
However, the outlook is the uncertainty about the sale of the Toshiba itself is strong.
IBK Investment & Securities Lee Seung-woo researchers said, "the Japanese government regarding the Toshiba sold 'plans to apply the" Foreign Exchange and Foreign Trade Law, "to the center, the Singapore-based activist fund EPI Shimo funds Toshiba shares 8.14% holding report, Toshiba's next sale is expected to be deployed in a more complicated, he said.
24 days, according to NHK, Toshiba has announced the purchase of EPI funds Toshiba Shimo total issued shares 8.14% to 15 through a shareholding report submitted to the Kanto Treasury. The media have reported large, there is a good chance that the epi Shimo Having this level of interest emerged as the largest shareholder of Toshiba.
However, experts expect the earnings to the second quarter of SK Hynix and are scrambling to actively encourage buying. Purchase an influx of foreign investors the fact that evaluation is not yet due to end semiconductor boom.
Lee Seung-woo researchers said, is D-RAM uncertainty surrounding the approximately neutral conversion and Toshiba sold in the spot price, shaken D-RAM investment-related rumors, such as a memory-related two-seam Samsung, '' but this memory Upton is and dug than in the past, any cycle gotta determined that the wavelength is large, and maintain Overweight for a memory sector, he said.
Peak memory market controversy was weakened as announced second quarter earnings of Micron Technology. Micron announced a second-quarter earnings beat the market consensus of original revenue 46.3 billion, operating profit of 10.2 slightly to one hundred million US dollars revenue 46.5 billion, operating profit of 10.44 billion dollars. Shares of Micron day soared 7.4%.
Eugene Investment & Securities Lee researchers 'SK Despite the competitiveness gap with the performance difference between Hynix and Micron share of D-RAM market, Micron shares rather receive a premium, currently two companies in market capitalization reached almost up to par "said' current share price of SK Hynix explained that it is extremely undervalued. "
In addition, the researchers' SK Hynix's first quarter earnings seasonality entry and D-RAM and NAND flash memory shipments decreased, etc. Despite this, the D-RAM prices around the D-RAM prices for the PC, which initially greater surge than expected to continue to rise sharply and prices of NAND flash memory, such as solid demand and record high, is expected to be much higher than the market consensus (operating profit of 2.2 trillion won), "he said.
First quarter sales increased 15.8% 6.2048 trillion won, and operating profit compared to the previous quarter, SK Hynix is expected that the brokerage is 2.4835 trillion won compared to the previous quarter, up 61.7%. The second quarter is explained that to achieve unprecedented performance.
Meanwhile, Toshiba is planning to sell its stake this time the memory divisions 50 to 100% up to 2 trillion yen (20 billion). Initially, but to sell a stake of less than 20% after spraying the semiconductor division, it said since the financial pressure to reverse the planned sale of 50% stake. In early March, while once again expand the sale of shares to 100% of the stepped bar re-bid process.
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