South Korea's Kospi index climbed back into bull market territory this week. It has risen more than 20% from its July low as memory chip stocks led a broad recovery.
The rally accelerated Thursday when Sandisk (SNDK) jumped 13.7% on a bullish long-term outlook. The momentum carried into Asian trading Friday.
Sandisk stock closed at $1,528.11 on Thursday after executives detailed a plan for consistent revenue growth through fiscal 2030. The company guided to mid-to-high-teens revenue growth and adjusted gross margins near 80%.
Chief Financial Officer Luis Visoso outlined the payout plan for investors.
"We are optimizing for growth, sustainability and returns. As we do that, we expect to return 100% of excess cash to our shareholders after investing in the business."
#asian
The rally accelerated Thursday when Sandisk (SNDK) jumped 13.7% on a bullish long-term outlook. The momentum carried into Asian trading Friday.
Sandisk stock closed at $1,528.11 on Thursday after executives detailed a plan for consistent revenue growth through fiscal 2030. The company guided to mid-to-high-teens revenue growth and adjusted gross margins near 80%.
Chief Financial Officer Luis Visoso outlined the payout plan for investors.
"We are optimizing for growth, sustainability and returns. As we do that, we expect to return 100% of excess cash to our shareholders after investing in the business."
#asian
21 days ago
