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SK hynix's board approved a ₩40 trillion ($28.69 billion) share buyback on Aug. 19, with permanent cancellation of every repurchased share.
The read-through is straightforward: management believes the market is still underpricing the stock.
That conviction arrives alongside an analyst consensus forecasting a 99.4% year-over-year EPS drop in the current quarter. Both can be true at once, and the three-month program is where the resolution comes.
The financial backing The underlying numbers give management something to stand on.
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