Micron's Earnings Surprise Boosts South Korean Semiconductor Stocks

◆아주경제 주요뉴스
▷Micron's earnings surprise boosts South Korean stocks... Samsung Electronics and SK Hynix see rising performance expectations.
- Micron reported a record earnings surprise for the fourth quarter of fiscal year 2026, leading to a rise in domestic semiconductor stocks, including Samsung Electronics and SK Hynix.
- Micron has secured supply contracts for a significant portion of its production for fiscal year 2027, with long-term supply agreements totaling $32 billion, indicating a potential continuation of memory supply shortages.
- As a result, expectations for Samsung Electronics and SK Hynix's third-quarter performance have increased, with analysts projecting Samsung's operating profit to reach 110 trillion won and SK Hynix's around 77 trillion won.
- Citing rising memory prices and increased demand for AI and HBM, brokerages have raised their target prices for Samsung Electronics and SK Hynix, offering a positive outlook for the medium to long-term memory market.

◆주요 리포트
▷iLS증 "Naver faces increased cost burden in the second half... target price lowered to 293,000 won"
- LS Securities forecasts that Naver will experience profitability pressures due to slowing revenue growth and rising costs in the second half, maintaining a 'buy' rating but lowering the target price to 293,000 won.
- Third-quarter revenue is expected to reach 3.5061 trillion won, an 11.7% increase year-on-year, but operating profit is projected to decline by 14.0% to 490.9 billion won, falling short of market expectations.
- Factors contributing to margin declines in the second half include the expansion of N Pay device distribution, increased depreciation costs, sports broadcasting rights expenses, and shopping promotion marketing costs.
- However, long-term growth drivers such as AI factories and virtual assets remain valid, with the AI factory expected to contribute to revenue starting in the first half of 2027.

◆장 마감 후(1일) 주요공시
▷ VIP운용·TS인베, 더휴식에 650억원 투자
▷ 현대차, 9월 판매 16% 감소
▷ 기아, 3분기 글로벌 최다 판매 기록
▷ MH에탄올, 주당 1.0주 무상증자 결정
▷LS일렉, 미국 데이터센터에 1800억 규모 초고압변압기 공급
▷ 시지바이오, 시지메드텍 지분 42.41%로 확대

◆펀드 동향(30일 기준, ETF 제외)
Domestic equity funds: 33.7 billion won
Overseas equity funds: 12.9 billion won

◆오늘(금) 주요일정
Korea - Consumer Price Index (September)
Eurozone - Consumer Price Index (September)
United States - September Employment Report

* This article has been translated by AI.