Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  SK hynix, Inc.    A000660   KR7000660001

SK HYNIX, INC.

(A000660)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

SK hynix : South Korea November exports rebound but miss forecasts

11/30/2020 | 07:49pm EST

SEOUL (Reuters) - Brisk global demand for South Korea's memory chips helped fuel a 4% gain in its exports in November, bouncing back from a decline in October to signal a rebound from the pandemic-induced slump this year.

The rate of growth was less than expected, however, as analysts had expected a 6.8% jump from a year earlier. Exports stood at $45.81 billion, slightly above October's $44.90 billion, government data showed on Tuesday.

Sales of memory chips soared 16.4% on-year, continuing stellar growth trend as the nation's chipmakers including Samsung Electronics and SK Hynix post strong earnings.

The Bank of Korea on Thursday raised its gross domestic product forecasts for this year as it sees export growth to be better-than-expected to offset risks from a third wave of coronavirus infections.

"Strong sales of memory chips are leading the recovery but the pace of overall export growth could be somewhat slow until January due to the resurgence of the coronavirus across the U.S. and Europe," said Moon Jung-hui, an economist at KB Bank.

"We should see stronger pick-up in export growth from February or March, when virus concerns subside and vaccines get distributed." Of the nation's 15 major export items, shipments of 10 items, including memory chips, mobile devices, computers and cars increased in November.

Imports declined 2.1% to $39.88 billion, also missing forecasts for a 0.2% increase.

By destination, exports to China, South Korea's biggest trading partner, gained 1.0% on-year.

(Reporting by Cynthia Kim; Editing by Stephen Coates)

By Cynthia Kim


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
SAMSUNG ELECTRONICS CO., LTD. 2.35% 87000 End-of-day quote.7.41%
SK HYNIX, INC. 0.38% 130500 End-of-day quote.10.13%
All news about SK HYNIX, INC.
06:23aMARKET CHATTER : South Korean State Lenders to Offer SK Hynix $3 Billion in Loan..
MT
04:20aSeoul Indexes Gain as Auto and Technology Stocks Soar
MT
12:54aANALYSIS : China's would-be chip darling Tsinghua Unigroup bedevilled by debt an..
RE
01/19Seoul Stocks Gain Over 2% as Higher Earnings Expectations Boost Auto Stocks
MT
01/19S.Korean stocks see best day in over a week on Samsung Elec, Hyundai Motor bo..
RE
01/19SK Hynix Sells Singapore-Listed Bonds Worth $2.5 Billion
MT
01/18Seoul Stocks Decline as Investors Book Profit; KOSPI Slips Over 2%
MT
01/15Seoul Stocks Decline as Investors Book Profit; KOSPI Slips Over 2%
MT
01/15S.Korea stocks snap 10th straight weekly gain, suffer biggest drop in over 2 ..
RE
01/14South Korean Stocks Close Nearly Flat Due to Valuation Pressure
MT
More news
Financials
Sales 2020 31 503 B 28,6 B 28,6 B
Net income 2020 3 702 B 3,37 B 3,37 B
Net Debt 2020 5 650 B 5,14 B 5,14 B
P/E ratio 2020 25,3x
Yield 2020 0,90%
Capitalization 89 262 B 80 937 M 81 139 M
EV / Sales 2020 2 834x
EV / Sales 2021 2 404x
Nbr of Employees 33 190
Free-Float 73,9%
Chart SK HYNIX, INC.
Duration : Period :
SK hynix, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SK HYNIX, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 36
Average target price 147 847,22 KRW
Last Close Price 130 500,00 KRW
Spread / Highest target 37,9%
Spread / Average Target 13,3%
Spread / Lowest Target -29,1%
EPS Revisions
Managers and Directors
NameTitle
Seok-Hee Lee President, Chief Executive Officer & Director
Tae-Won Chey Chairman-Executive Board
Kwon Hong Managing Director & Head-Finance
Tae-Hoon Kim Managing Director & Head-Technology
Jung-Ho Park Director
Sector and Competitors
1st jan.Capitalization (M$)
SK HYNIX, INC.10.13%80 937
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED18.30%580 386
NVIDIA CORPORATION-0.23%322 505
INTEL CORPORATION15.58%237 643
BROADCOM INC.4.89%186 791
QUALCOMM INCORPORATED3.12%185 224