On August 10, SK hynix rose 3.1% overnight, trading at $142.06/share, with turnover of approximately $19.5 million. The rally was driven by the company's announcement of a record-breaking shareholder return plan totaling approximately 100 trillion KRW (about $71 billion).
According to reports, the plan includes stock buybacks of approximately 40 trillion KRW ($28.4 billion), representing over 2% of total outstanding shares — a scale roughly equivalent to the new shares issued for its US ADR listing. Compared to last year's shareholder return of approximately 14.3 trillion KRW, the new plan represents a roughly 7x increase. The company stated that additional return details will be finalized and announced in Q3.
The announcement effectively reversed negative sentiment from August 7, when the stock fell over 5% after a disappointing quarterly dividend of just 375 KRW per share. The massive buyback plan is underpinned by SK hynix's dominant position in the HBM market, with projected operating profit of approximately 266.4 trillion KRW this year, up 464% year-over-year.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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