1058 GMT - SK Hynix's decision to buy back and cancel 40 trillion won of treasury shares should be positive for its stock, Citi analysts say. The initiative is expected to put a meaningful floor under the chip maker's share price, providing tangible support in the near term, Citi's Peter Lee writes. The company also raised its 2025-2027 shareholder return budget, and announced plans to disclose further return programs during its 3Q earnings call. While the memory-chip giant's stock has come under some pressure amid broader market concerns surrounding the outlook for memory, Citi reckons that the shareholder return enhancement serves as a clear articulation of management's conviction over the mid- to long-term trajectory. It reiterates a buy call on the stock, which closed 9.7% lower in Seoul.