Golden Pig’s take: $SKHYNIX has fallen by more than half from its high, but broker forecasts for its earnings are actually being revised upward. I’m bullish, but I’m not catching a falling knife.
The Binance SKHYNIX contract peaked at around 1978 on June 22 and is now around 843, down about 57%.
South Korea’s KOSPI closed at 5018.85 today, down about 45% from its June high of 9114.55.
The biggest contrast is this: Shinhan Investment & Securities estimates that the combined 2028 operating profit forecast for Samsung and SK Hynix was raised from 837 trillion won in June to 1,058 trillion won in October (about +26%), while the two companies’ combined valuation shrank from 4,194 trillion won to 2,222 trillion won (about −47%).
With earnings forecasts rising while prices have been cut in half, brokers say the sell-off is mainly driven by sentiment and foreign investors selling, not by business performance.
My plan: if it holds near the November 5 low of 810, I’ll build a small position in stages. If it breaks below that, I’ll exit; if it climbs back above 900, I’ll add.
This is a 24-hour perpetual contract, and volatility may be higher after the Korean stock market closes, so keep position sizes small.
When earnings forecasts and share prices move in opposite directions, how do you usually manage your position?
#SK海力士 #韩股 #芯片 $SKHYNIX $SAMSUNG
Data sources: publicly available Binance contract market data, Yonhap News Agency, Electronic Times (citing a Shinhan Investment & Securities report)
DYOR; this is not investment advice
The Binance SKHYNIX contract peaked at around 1978 on June 22 and is now around 843, down about 57%.
South Korea’s KOSPI closed at 5018.85 today, down about 45% from its June high of 9114.55.
The biggest contrast is this: Shinhan Investment & Securities estimates that the combined 2028 operating profit forecast for Samsung and SK Hynix was raised from 837 trillion won in June to 1,058 trillion won in October (about +26%), while the two companies’ combined valuation shrank from 4,194 trillion won to 2,222 trillion won (about −47%).
With earnings forecasts rising while prices have been cut in half, brokers say the sell-off is mainly driven by sentiment and foreign investors selling, not by business performance.
My plan: if it holds near the November 5 low of 810, I’ll build a small position in stages. If it breaks below that, I’ll exit; if it climbs back above 900, I’ll add.
This is a 24-hour perpetual contract, and volatility may be higher after the Korean stock market closes, so keep position sizes small.
When earnings forecasts and share prices move in opposite directions, how do you usually manage your position?
#SK海力士 #韩股 #芯片 $SKHYNIX $SAMSUNG
Data sources: publicly available Binance contract market data, Yonhap News Agency, Electronic Times (citing a Shinhan Investment & Securities report)
DYOR; this is not investment advice
