[Edaily Reporter Kim Yoon-jung] SK Hynix is showing strength during trading on the 17th, continuing its streak of hitting all-time highs.

According to MP Doctor, as of 2:48 p.m. today, #SK Hynix is trading at 2,508,000 won, up 126,000 won (5.2%) from the previous close. The stock surged to as high as 2,517,000 won during the session, briefly touching the 2.51 million won mark.
Today’s rise is interpreted as being driven by heightened expectations for expanded shareholder returns. The previous day, some media outlets reported that SK Hynix was considering a large-scale shareholder return plan.
However, SK Hynix stated in a regulatory filing, “While we are reviewing various shareholder return measures to enhance shareholder value, we have not yet considered specific details such as the scale of such returns.”
Choi Kwan-soon, an analyst at SK Securities, commented, “The media reported yesterday that SK Hynix is pursuing a shareholder return plan worth 100 trillion won,” adding, “Although the company denied the report, we believe there is a high likelihood of expanded shareholder returns.”
Positive outlooks from the securities industry also continued. Eugene Investment & Securities raised its target price for SK Hynix to 3.7 million won that day.
Son In-jun, an analyst at Eugene Investment & Securities, stated, “Operating profit for next year is expected to reach 459.5 trillion won, a 67% increase from the previous year,” adding, “The sharp rise in High Bandwidth Memory (HBM) prices is expected to drive earnings growth.” He went on to explain, “We have also raised our forecast for next year’s average selling price (ASP) of HBM from the previous $2.78 per gigabit (Gb) to $3.24.”