SK Securities has raised the TP for SK Hynix to KRW3 million. SK Hynix shares last rose 3.72% to KRW1.6605 million, implying potential upside of as much as 80.7%. The TP for Samsung Electronics was also lifted from KRW0.4 million to KRW0.5 million. Based on its latest price of KRW0.2725 million, the stock has potential upside of 83.5%.
Related leveraged ETFs in Hong Kong advanced. CSOP SK Hynix Daliy 2x Leveraged Product was last quoted at HKD76.9, up 6.95%. CSOP Samsung Daliy 2x Leveraged Product was last quoted at HKD137.3, up 5.62%.
SK Securities has previously raised the TP for SK Hynix multiple times, citing the semiconductor supercycle and continued buying by foreign investors. The brokerage said the latest adjustment reflects a rebound in the price-to-earnings ratio, which had earlier been lowered due to concerns over a potential US-Iran war, returning to a higher level.
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