Nomura Securities released a report yesterday (20th), raising its target for S Korea's KOSPI this year from the previous 7,5008,000 to 10,00011,000, mainly driven by corporate earnings and the return on equity cycle.The report stated that commodity memory and high bandwidth memory (HBM) are currently in a supercycle, which will be the key driver of earnings growth and return on equity for KOSPI constituents over this year and next year. In addition, the government's push for reforms of the small-cap KOSDAQ index and S Korea's inclusion in the MSCI watch list for developed markets will serve as additional catalysts.Related NewsJPM Raises Samsung Electronics TP to 480,000 Won; SK Hynix to 3 Million Won, Shifts to P/E-Based ValuationNomura set a target price of KRW4 million for SK Hynix, implying more than 1x upside from the current price of KRW1.949 million. It also assigned a target price of KRW0.59 million for Samsung Electronics, representing nearly 1x potential upside from the current price of KRW0.29875 million.Earlier, signs of progress emerged in Samsung's labor negotiations, with the union suspending its general strike, lifting related ETFs in Hong Kong. XL2CSOPSMSN (07747.HK) -1.800 (-1.170%) Short selling $345.39M; Ratio 24.798% was last reported at HKD157.75, up 13.61%. XL2CSOPHYNIX (07709.HK) +3.960 (+4.255%) Short selling $1.16B; Ratio 27.299% was quoted at HKD96.42, up 17.84%. (mn/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.)
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