In today’s briefing:
- Clarifying KOSDAQ 150 Fast Entry Confusions: LS Materials & Hyundai Hyms
- SK Hynix & The Dawn Of Custom Memory Solutions
Clarifying KOSDAQ 150 Fast Entry Confusions: LS Materials & Hyundai Hyms
- LS Materials completed its 15-day review but hasn’t been announced for fast entry, likely due to KRX’s Korean document disclosing the effective date starting February 1, 2024.
- LS Materials will be in the June rebalancing, having not met the 6-month listing requirement for the June review, thus subject to the special entry rule.
- Hyundai Hyms, surging 300% from IPO, ranks 58th by market cap, poised for KOSDAQ 150 entry. If successful, Unitest will be removed.
SK Hynix & The Dawn Of Custom Memory Solutions
- SK Hynix reported Q423 revenues of 11.31 trillion won, up 25% QoQ and up 47% YoY
- Operating profit of 346 billion won, marking the first quarter of profit following four straight quarters of losses.
- SK Hynix is investing heavily in custom memory solutions driven by AI-related demand. It’s a far better and more profitable business model than the mainstream commodity one.
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