Citi Reiterates "Buy" Rating on SK Hynix, Raises Q4 Operating Profit Forecast

Odaily: Citi issued a report reiterating its "Buy" rating on SK Hynix, maintaining the target price at KRW 3 million. Citi raised its fourth-quarter operating profit forecast from KRW 89.8 trillion to KRW 107 trillion, and raised its full-year 2026/2027 operating profit forecasts by 7% and 12%, respectively. Based on an estimated shareholder return scale of approximately KRW 100 trillion for fiscal year 2026, the bank expects shareholder returns in the fourth quarter to be approximately KRW 35 trillion, including approximately KRW 15 trillion in share buybacks and approximately KRW 20 trillion in cash dividends.