78% of KOSPI Companies Raise Operating Profit Forecasts to Record High on July 12

According to F&Guide, 78% of KOSPI-listed companies on July 12 raised their 12-month operating profit forecasts, marking the highest ratio in history and exceeding previous records of 64% and 70%.

SK Hynix, Samsung Electro-Mechanics, and LG Innotek emerged as prime candidates for earnings surprises, with analyst consensus converging as forecasts continued upward revision. SK Hynix's second and fourth quarter operating profit consensus rose from 64.6 trillion won a month earlier to 65.9 trillion won, while the gap between highest and lowest estimates narrowed from 18.8% to 16.4%, signaling increased market confidence in earnings expectations.