Shulou(Shulou.com)11/24 Report--

October 21, according to the Korea Times, under the influence of multiple adverse factors, the demand for electronic consumer goods such as smartphones has been affected, the demand for memory chips has slowed, and prices have fallen. Memory chip manufacturers are also under pressure in terms of performance.

According to the latest reports from South Korean media, a number of analysts expect SK Hynix, the world's second-largest memory chip maker, to report disappointing third-quarter results next week amid a cyclical downturn in the global semiconductor industry.

Analysts at FnGuide, a financial services company based in Seoul, expect SK's operating profit to fall to 2.5 trillion won, or about $1.73 billion, in the third quarter, down 38.8 per cent from a year earlier, according to South Korean media reports.

In the South Korean media report, it was also mentioned that a number of analysts had given more pessimistic expectations. One of the analysts at a securities company expected profits to be 1.6 trillion won, down 61.1% from the same period last year and 61.3% from the previous month. The forecast given by another analyst is 1.57 trillion won.

To make matters worse, the two analysts expect SK Hynix to turn from profit to loss in the fourth quarter. The former analyst expects an operating loss of 186.9 billion won due to oversupply and falling prices, while the latter expects SK Hynix to post a loss in the fourth quarter of this year and the first two quarters of next year due to the decline in DRAM prices.

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