0322 GMT - SK Hynix's operating loss could widen to KRW2.8 trillion in 1Q from the prior quarter's KRW1.701 trillion due to weak semiconductor shipments, Nomura analysts C.W. Chung and Eon Hwang say in a research note. The South Korean company's shipments of DRAM and NAND chips are expected to fall 11% and 7%, respectively, on quarter in 1Q, they reckon. They expect the firm's average selling prices for DRAM and NAND chips to slide 20% in 1Q and forecast a sharp pullback in their operating profit margins before a recovery in 3Q. Nomura cuts the stock's target by 5.5% to KRW120,000 and keeps its buy rating. Shares are 1.8% higher at KRW93,000. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
February 01, 2023 22:22 ET (03:22 GMT)
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