Analysts lower Samsung Electronics and SK Hynix Q3 revenue and profit forecasts due to strong Korean Won.
Analysts recently lowered their third-quarter revenue and profit forecasts for South Korean chip giant Samsung Electronics by 2.6% and 4.4% respectively, and for SK Hynix by 5.3% and 5% respectively, according to FnGuide data cited by the Seoul Economic Daily. This move is primarily attributed to the strengthening Korean Won, which has reduced dollar-denominated sales, rather than a decline in the memory market itself. The market still holds high expectations for the two companies' third-quarter performance, with combined operating profit projected to approach a record 189.9 trillion Korean Won.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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