SK hynix rises 6.8% pre-market; DS sees 2029 operating profit of 290.3 trillion won

SK hynix traded at 1,213,000 won on Nextrade at 08:12 KST on Nov. 10, up 6.78% from its previous KRX close, following an overnight rebound in U.S. chip shares. Samsung Electronics rose 5.85% to 201,000 won at the same time, according to Seoul Economic Daily.

Both pre-market gains were measured against the Nov. 9 KRX closing prices. An earlier Newsis snapshot, at 08:01 KST on Nov. 10, put SK hynix at the same price and Samsung at 200,500 won, up 5.58%.

How much profit does DS expect?

DS Investment & Securities maintained its buy rating and 2.64 million won target, according to The Korea Economic Daily’s Nov. 10 report. Analyst Lee Su-rim retained a 2027 operating profit forecast of 443.8 trillion won. The brokerage estimates operating profit of 330.7 trillion won in 2028 and 290.3 trillion won in 2029.

The 2028 and 2029 estimates amount to about 75% and 65% of the 2027 forecast, respectively. These are operating profit amounts, not operating margins.

According to the same report, the brokerage bases its forecasts on server DRAM demand, newer high-bandwidth memory (HBM) products and the timing of contract-price adjustments. It expects new HBM4 contract prices to lift average DRAM selling prices in early 2027. In the second half, a higher HBM sales share could offset lower conventional DRAM prices.

What preceded the pre-market rise?

In the Nov. 9 U.S. session, AMD rose 13.26%, Broadcom gained 8.78% and Marvell Technology advanced 9.49%, Seoul Economic Daily reported. Those gains preceded the Korean pre-market moves; the price snapshots do not establish how much of SK hynix’s rise reflected the DS forecast.

At the KRX close on Nov. 9, SK hynix had gained 0.35% to 1,136,000 won and Samsung Electronics had risen 0.64% to 189,900 won. The KOSPI finished down 0.81% at 5,018.85, as recorded in Newspim’s closing report.

The U.S. October consumer price index is scheduled for release at 22:30 KST on Nov. 10, according to the Bureau of Labor Statistics calendar.