S&P raised SK Hynix's market outlook to 'stable'

COMPANY / Reporter Kim Jisun / 2023-12-15 00:23:15
 

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] International credit rating agency Standard & Poor's has raised its outlook for the SK Hynix market to 'stable'.

SK Hynix said on the 15th that S & P has raised its outlook (Outook) from "Negative" to "Stable" while maintaining its corporate credit rating of "BBB-."

S&P said, "SK Hynix is expected to demonstrate additional performance improvement over the next 6 to 18 months in the rapidly growing generative AI memory semiconductor market," and added, "As it has secured a leading market position and production capacity, demand for (AI memory) will rapidly increase." "It is expected to benefit the most."

S & P added, "We will improve sales and operating profit faster than existing S & P estimates based on the leading position of the HBM memory peninsula market and production capacity expansion."

According to S & P, the proportion of HBM in DRAM sales of SK Hynix is estimated to increase from about 10~15% this year to 30% next year. In addition, EBITDA (pre-amortization operating profit) is expected to increase significantly from 6 trillion won this year to 21 trillion won next year due to increased sales of high value-added DRAM products and improved business conditions.

 

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)

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