00 000660.KS SK hynix Inc. Загрузка... HXSCL : Бычьи и медвежьи мнения аналитиков

SK Hynix's already announced 40 trillion won buyback and cancellation program through November 19 gives the stock much stronger downside support than Samsung Electronics. The company can increase buyback volume when the stock pulls back, which should make the bottom firmer. This is a cleaner and stronger shareholder return setup than Samsung's mostly dividend and employee-compensation buyback plan.

SKHY is included as a header in the research on molybdenum/NAND transition. No position language from the author; treat as watch for demand pull-through.

Author questions whether Micron's AI memory R&D investment timing was a strategic counter to SK Hynix's ceremony, framing it as speculative analysis rather than a trade call.

Observes SK hynix extending the AI memory narrative beyond HBM toward memory pooling and optical interconnect; flags it as worth watching, not a commercial roadmap or position.

The company is executing a highly accretive 40 trillion won share buyback and cancellation program by issuing ADRs at a premium in the US and buying undervalued local shares, creating strong downside support and potential for a short squeeze.

SK hynix announced a 40 trillion won buyback with full cancellation and committed to returning at least 50% of free cash flow, which could reach about 90 trillion won this year. Samsung Electronics announced a larger 90-110 trillion won shareholder return plan, but the market was disappointed because its buyback portion is smaller, is mainly for employee compensation, lacks immediate large-scale cancellation, and is dividend-heavy rather than buyback-focused. Structurally, the shareholder return difference favors SK hynix over Samsung Electronics.

SK Hynix and Samsung Electronics shareholder return programs provide downside support and can put a floor under the stocks, but they are not a new upside catalyst. The stocks face accumulated overhead supply and exhausted AI/memory stories, so he expects rangebound action rather than a move back to prior highs. He holds only to avoid FOMO and would sell on good news that fails to lift prices.

Author is bullish on AI infrastructure names, arguing that power, memory, and networking are becoming increasingly critical as AI scales.

Highlights SK Hynix as the clear market and technology leader in HBM and primary supplier to Nvidia.

Outside semiconductors, Korea has no comparable earnings or growth story. As liquidity tightens, money is forced into the few reliable large-cap winners, and Samsung Electronics and SK hynix are the names still showing strength and attracting AI-related flows.

SK hynix's aggressive shareholder return policy, involving a massive 40 trillion won share buyback and cancellation program (buying ~640 billion won daily, representing 7% of daily trading volume), demonstrates management's confidence and will significantly boost EPS and shareholder value.

Korean large-cap semiconductor complex (Samsung Electronics and SK Hynix) is in a favorable near-term momentum window and existing holders should keep positions at least through next week, as foreign cash buying is concentrated in these large caps while a dense upcoming event calendar—Hot Chips memory/AI sessions, Samsung's expected shareholder return announcement, and NVIDIA earnings—can keep expectations elevated. A short-term sell-on-news dip is possible around NVIDIA earnings, but the broader trend is not seen as reversing.

Reports Edgewater forecasts SOCAMM2 memory prices up ~5x Y/Y in 3Q26 and HBM prices roughly doubling Y/Y in CY27; no directional buy/sell stance.

Memory peak-out worries are premature. Hyperscalers have addressed cash-flow constraints by forming joint ventures with financial institutions and venture investors, shifting some investment burden off their balance sheets. That may create future bubble risk but for now intensifies competition and demand. HBM supply is already reported as nearly sold out through 2028. Therefore, memory is not yet at a peak even though volatility and stress will continue.

Stay long SKHY/MU as DRAM/NAND prices sit at record highs and HBM-driven supply shifts leave 2027 capacity additions short of demand.

Despite short-term volatility and mixed reactions to recent shareholder return policies, Samsung Electronics and SK Hynix remain strong long-term investments due to their solid earnings fundamentals. The speaker expects significant upside potential and advises holding them through market dips.

Author argues that continued DRAM and NAND price increases are not required for the memory thesis to play out, framing it as a factual market update rather than a fresh position call.

Wells Fargo's DRAM update projects strong industry revenue growth through 2027 with sustained pricing increases, but the tweet is a research summary without an explicit position or trade call.

Watch SK Hynix as memory-led exports and hyperscaler AI capex make semiconductors a core macro driver.

SK hynix is the near-term winner in Korean memory because it is already buying shares daily under its 40 trillion won buyback/cancellation program, creating immediate and visible demand. Hwang sees dips as likely to be bought by the company and says the stock has not completed a technical rebound, though resistance may emerge around 200,000-210,000 won.

Samsung and SK hynix have solid balance sheets and are generating record cash from high-bandwidth memory demand for NVIDIA chips; their shareholder return plans may put a floor under stocks that are down about 25% from June peaks.

Mentions the SK Hynix CPO roadmap as a validating catalyst for photonic fabric and memory appliance markets.

SK Hynix is demonstrating strong price defense because the company is actively executing daily buybacks, placing orders worth about 1 trillion won daily. Furthermore, their shareholder return policy sets a minimum of 50% of free cash flow, which encourages the market to anticipate even higher returns of 70-80%, creating a strong valuation floor.

Historically, share buybacks and cancellations haven't been massive long-term triggers for stock prices unless accompanied by other growth narratives. Unlike Apple or financial holding companies that have stable earnings, semiconductors are highly cyclical. Therefore, the upcoming shareholder return announcements from Samsung and SK hynix might end up being a 'sell the news' event rather than providing massive upside.

SK Hynix's new shareholder return policy, returning more than 50% of free cash flow to shareholders and effectively removing the old 50% cap, changes how investors should treat this cyclical memory stock. The company has averaged around a 27% operating margin over 40 quarters, and if it shares profits even during downturns, the stock should be supported when earnings weaken and reward holders during booms. That means investors no longer need to trade around the cycle and can hold it long-term like a Buffett-style position.

Memory companies are crushing it because they have secured three-year fixed contractual commitments, capturing roughly 70% of AI capex, and pricing for 2027 looks even tighter than 2026.

Watch SK Hynix as they evaluate Celestial and Ayar for their CPO roadmap and microLEDs for future deployments.

SK Hynix's daily buyback of about 650,000 shares is substantial relative to average daily volume, roughly 8% of 8 million shares or 13% of 5 million shares. At that pace, the 24 million share buyback could finish in about 37 trading days, or about two months. Min expects this to put a floor under SK Hynix shares and limit downside, though fresh upside would require Nvidia earnings and Jackson Hole to provide momentum.

The recent rally in Samsung Electronics and SK hynix is heavily driven by expectations of massive shareholder returns through buybacks and cancellations. For SK hynix, a return of around 150 trillion won is justifiable based on expected free cash flow. Samsung Electronics needs to announce a proportionally larger figure to justify further upside. If the announced figures fall short of these high expectations, it could trigger a 'sell on the news' reaction, as the current rally is event-driven rather than based on fundamental upgrades.

Buy SKHY over MU: it trades cheaper even after the U.S. ADR premium, generates more revenue, and holds a stronger HBM position, making it the better memory/HBM exposure.