The CSOP 2x Daily Leveraged Product on SK Hynix (HKEX: 07709) experienced a significant rise of over 7%. At the time of writing, it was up 6.46%, trading at HK$113 with a turnover of HK$6.578 billion.
Market reports from June 11th indicate that SK Hynix recently requested several of its primary equipment suppliers to submit documentation for "price adjustment review," which are materials intended to justify potential price increases. Seizing the opportunity, some equipment manufacturers have reportedly demanded price hikes of 3% to 4%. SK Hynix has stated that the final pricing will be determined based on objective procurement principles, including factors like exchange rates and supply stability.
Industry observers note that while price negotiations are common with raw material and component suppliers due to significant cost fluctuations, it is relatively unusual for equipment manufacturers to initiate such demands. This development has consequently drawn considerable market attention.
Previously, SK Hynix's first-quarter earnings report revealed revenue of 52.5 trillion won and an operating profit of 37.6 trillion won, resulting in an operating margin of approximately 72%, setting a new quarterly record. Market consensus anticipates that second-quarter operating profit will see a further significant jump, potentially reaching a range of 60 to 64 trillion won, driven by seasonal peak demand effects.
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