|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||23.09 - 23.40|
|52 Week Range||14.07 - 23.80|
|Beta (5Y Monthly)||0.36|
|PE Ratio (TTM)||5.14|
|Forward Dividend & Yield||0.19 (0.81%)|
|Ex-Dividend Date||Jun 29, 2020|
|1y Target Est||N/A|
Moody's Investors Service has affirmed SK Hynix Inc.'s Baa2 issuer and senior unsecured ratings. "The ratings affirmation primarily reflects our expectation that the transaction will strengthen SK Hynix's competitive position in the global memory chip industry," says Sean Hwang, a Moody's Assistant Vice President and Analyst. "At the same time, the negative outlook factors in the likelihood of a significant increase in SK Hynix's debt leverage stemming from the large acquisition cost, against the backdrop of the uncertain industry recovery and free cash flow generation over the next 12-18 months," adds Hwang.
Uber Technologies <UBER.N> said on Friday it will invest more than $150 million in a joint venture and partnership with South Korea's SK Telecom Co Ltd <017670.KS>, which is proposing to split off its mobility business. The move is Uber's latest attempt to expand in a market where it has faced tough competition, opposition from taxi drivers and regulations which forced it to stop using private cars for its ride-hailing service in 2015. The U.S. ride-hailing company currently offers premium taxi-hailing and registered taxi-hailing services in South Korea, a market dominated by local player Kakao's <035720.KS> mobility unit.
The companies said in a joint statement that SK Telecom plans to split off its mobility business unit and launch T Map Mobility, Uber commits over $100 million in a joint venture with T Map Mobility, and Uber will also invest around $50 million in T Map Mobility.