00:00Min Min, want to start with you for the big news of the hour. It was SK Hynix. Just out
00:04with those numbers a short time ago. What were the key takeaways?
00:08Yeah, an absolutely blowout quarter for SK Hynix. We're talking about a record for its net income, its operating profit
00:17and its revenue as well. Net income in particular, we're talking about 40 trillion won.
00:22This is at least a third above the average analyst estimates. And to give you context, a year ago, they
00:28were looking at less than 7 trillion won.
00:31So it's more than a fivefold increase here. You talk about its revenue as well, 52 trillion won.
00:37Also beating estimates a year ago, it was just 17 trillion won. So a tripling of its revenue.
00:43And this is with the Iran war hanging over us. And still we are seeing such bullish demand.
00:49It's really benefiting from the CapEx spending cycles of these hyperscalers, which is pushing up the AI infrastructure buildup, the
00:57demand for these high bandwidth memory chips.
01:00And so as it diversifies production resources to the HBM chips, we are seeing the shortage in the traditional chips
01:06like the NAND and the DRAM chips.
01:08That is giving SK Hynix immense pricing power. Average selling prices have been going up in the first quarter.
01:15That is boosting its margins as well. And that's why we saw those really, really strong numbers when it comes
01:19to net income.
01:20So certainly want to see how the stock performs when markets open later.
Comments