Mirae Asset Securities Korea Cuts SK Hynix’s Q2 Operating Profit Forecast by 12%

According to Hyperinsight’s monitoring, a whale address starting with 0xdcc flipped to a short position on Brent Crude Oil (BRENTOIL) at 02:08 today, opening 18,452.29 short contracts at an average price of $82.348, with a nominal value of approximately $1.5195 million. Afterward, oil prices continued to rise to around $84.4, and the short position was held for only about 6 hours before being forcibly liquidated twice by the system at 08:16. On the news front, U.S.-Iran military tensions escalated again over the weekend into Monday. Trump announced yesterday the resumption of maritime blockades on Iranian shipping, covering Iran’s coasts, ports, and oil terminals, reigniting risks of supply disruptions in the Strait of Hormuz. Driven by this, Brent Crude Oil closed up 9.59% on July 13, hitting $83.30, marking its highest closing price in nearly a month. Notably, this whale had correctly bet on the recent oil price rally earlier. From July 9, it accumulated a long position of 26,066.57 BRENTOIL contracts, but closed all positions at 01:39 today, realizing a total profit of approximately $39,200. However, just 29 minutes after closing, the address flipped from long to short, perfectly timing the reversal of this rally. The two rounds of forced liquidations totaled 18,452.29 contracts, with a nominal amount of approximately $1.5576 million, resulting in an actual loss of about $38,100, almost erasing all profits from the earlier long position. After the liquidations, the address holds no remaining positions. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an administrator (enable message sending permission) to automatically sync on-chain news.

Morningstar analyst Jing Jie Yu said the firm maintained its fair value estimate for each of SK Hynix’s American Depositary Receipts (ADRs) at $160, and after assessing long-term cyclical risks, deemed the valuation reasonable. SK Hynix plans to use the 40 trillion won raised from the offering for future wafer fab investments. However, the primary goal of this listing is to boost its valuation, not to address urgent financing needs. Valuation multiples for South Korean memory chip firms have long been lower than their U.S. peers, and SK Hynix’s existing cash is expected to be sufficient to cover its investment needs. Morningstar forecasts SK Hynix’s earnings before interest, taxes, depreciation, and amortization (EBITDA) will reach 317 trillion won and 474 trillion won in 2026 and 2027 respectively, far exceeding the size of the current offering. Morningstar noted that the earnings trajectory of memory chip manufacturers is highly unpredictable, and SK Hynix’s ADRs and Korean-listed shares may continue to see significant volatility, hence maintaining its "very high uncertainty" rating on the company.

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According to on-chain analyst Ai Yi (@ai_9684xtpa), Binance contract smart money account "Yu Yu m" has incurred an unrealized loss of $2.091 million from its long positions in SK Hynix-related contracts, topping the 3-day loss leaderboard. Data shows the account holds 7,462.68 SKHX tokens (valued at roughly $11.03 million) with an average entry price of $1,477.89, translating to an unrealized loss of $1.954 million. It also holds 25,733.63 SKHY tokens (valued at ~$4.045 million) with an average entry price of $157.22, adding $137,000 in unrealized losses. Despite the cumulative unrealized loss exceeding $2.09 million, the account has sufficient margin, with liquidation prices for its SKHX and SKHY positions standing at $756 and $27.59 respectively, meaning no imminent liquidation risk in the short term.

According to Bitget data, South Korea’s KOSPI index has fallen back below the 6,600 level, down 3.10% on the day, while SK Hynix is currently down 5.4%.

Iran’s Islamic Revolutionary Guard Corps (IRGC) announced today that, in response to the latest aggressive acts by enemy forces, under the military operation codenamed "Nasr 2", the IRGC launched strikes targeting multiple ammunition depots, a satellite communications center, and buildings housing US troops in Bahrain, inflicting "significant losses" on the enemy. The IRGC added that the retaliatory strikes are still ongoing. (CCTV International News)