SK Hynix Stock: Lock-up Period Expires - Börse Express
Article excerpt
According to media reports, a 90-day lock-up period for certain shares linked to the US listing of SK Hynix ends this Thursday. As a result of this agreement expiring, the sale of previously restricted shares becomes theoretically possible. In today's stock trading, the share is reacting cautiously: the stock is recording a 1.5 percent drop and stands at 1,697,000.00 KRW. Despite the potential pressure from newly freed-up shareholdings, industry experts paint an optimistic picture of the operational development. Analyst Kim Woon-ho from IBK Investment & Securities reaffirmed his "Buy" recommendation on Wednesday. Regarding the operating profit for the third quarter, the analyst assumes 75.1 trillion won. The estimates illustrate the continuously robust market environment for advanced memory solutions. Year-over-year, the stock is holding its ground remarkably well despite short-term fluctuations: since the beginning of the year, the market value has gained 161 percent. Alongside quarterly expectations, strategic initiatives are shaping the environment of the South Korean chip manufacturer. The company is exploring financing options for its subsidiary Solidigm in order to expand its competitive position over the long term. According to a Bloomberg report, investment banks Goldman Sachs and Morgan Stanley have been selected as lead institutions for a potential US IPO next year...
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Additionally, the group has established its own investment arm, SK Hynix Ventures, to specifically finance start-ups in the areas of research, development, and manufacturing.
