Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Daiwa Raises SK Hynix (000660.KS) TP to KRW3.6M, Rating Buy
Recommend 11 Positive 23 Negative 11 |
||||
|
||||
|
Daiwa said in a report that SK Hynix (000660.KS) is expected to report solid results for 2Q26, broadly in line with market expectations. The broker expects stronger momentum in 2H26, mainly driven by rising memory prices supported by robust AI demand. During the visit of Jensen Huang, CEO of NVIDIA Corporation (NVDA.US), to South Korea, SK Hynix further strengthened its partnership with NVIDIA Corporation. Assuming its ADR listing will be completed in 3Q26, Daiwa expects the move to broaden its global investor base and narrow its valuation gap with Micron Technology, Inc. (MU.US). Daiwa reiterated its Buy rating on SK Hynix and raised its TP from 1.67 million Korean won to 3.6 million Korean won. The valuation methodology was changed from price-to-book to price-to-earnings to reflect the company’s stable long-term earnings capability under long-term agreements. The broker also assigned a 35% premium to the average price-to-earnings ratio of global DRAM peers. (ha/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
