Today's earnings announcement achieved record results, but is it going down again?
However, there are news articles about the investment of 1,000 trillion won in Honam region at the time when Hynix started to decline.
There's nothing wrong with investing in the Honam region, but I remember a strange scene where the president came out with CEOs and bowed down to them, saying they were heroes.
It's been said for 10 years, but Hynix announced today that its annual facility investment is 40 trillion won. You can see how shocking this is.
IT companies are growing in fierce competition where they can't even look ahead six months, and if the government wants them to invest 1,000 trillion won, an unimaginable amount of money, for the next 10 years, it's doubtful whether this is a normal company.
Therefore, foreign selling continues, leading to further decline. Although there is sufficient upside potential in terms of valuation, it seems to be declining.
Please, I hope the government doesn't use companies for political gain. I'm writing this because I think it would be helpful for each of us to do our own work from our respective positions.
