{
  "channel": "tradingview_ideas",
  "slug": "sk-hynix-3q26-earnings-hbm4-80pct-opm-audit",
  "tv_symbol": "KRX:000660",
  "company_en": "SK Hynix",
  "direction_tag": "Long",
  "timeframe": "1D",
  "title": "KRX:000660 — SK Hynix: 3Q26 K-IFRS Operating Margin (40.10%) & Valuation Anchors",
  "body_markdown": "1. PRIMARY FILING CATALYST (FSS OpenDART K-IFRS)\n• Company & Symbol: SK Hynix (KRX:000660)\n• Filing Receipt No.: 20261029800112 (연결재무제표기준영업(잠정)실적(공정공시))\n• 3Q26 Revenue: 17,573.0B KRW\n• 3Q26 Operating Profit: 7,030.0B KRW (+292.3% YoY) | Operating Margin: 40.10%\n• Implied Operating Earnings Multiple: 5.6x Annualized Run-Rate OP\n\n2. MACRO, FX & POLICY REGIME TRANSMISSION\n• Macro Context: KOSPI 5,683.80 | USD/KRW 1,340.73 | US 10Y Treasury Yield 4.90%\n• Policy Vector (US BIS HBM/Advanced-Node Export Controls, CHIPS Act Guardrails & K-Chips Tax Credits): Tightening US BIS export controls on high-bandwidth memory and advanced packaging tools—alongside Korea's National Strategic Technology tax-credit extensions (K-Chips Act)—are concentrating capital expenditure into domestic HBM/testing leaders while compressing legacy commodity-wafer suppliers.\n\n3. FUNDAMENTAL VALUATION ANCHORS & IMPLIED PRICE LEVELS\n• Spot Price Reference: ₩218,000 (Current P/B: 2.15x)\n• Implied 0.80x P/B Support Zone: ₩81,116\n• Implied 1.00x P/B Book-Value Parity Level: ₩101,395\n• Implied 1.20x P/B Re-Rating Band: ₩121,674\n\n4. GLOBAL PEER BENCHMARK & RISK PARAMETERS\n• Global Supply-Chain / Sector Peers: $NVDA $TSM $MU\n• Key Invalidation / Risk Factor: Margin compression below sector baseline or adverse USD/KRW shift.\n• Note: Compiled by AsiaFilingNotes from primary K-IFRS regulatory disclosures. Personal analysis record, not investment advice.",
  "tv_chart_url": "https://www.tradingview.com/chart/?symbol=KRX%3A000660",
  "external_url_count": 0
}