SK Hynix's U.S. Listing Could Narrow Valuation Gap With Micron -- Market Talk

Dow Jones06-10

0818 GMT - SK Hynix's planned U.S. listing--possibly as early as August--through the issuance of American depositary receipts could narrow its valuation gap with rival Micron Technology, Meritz Securities' Kim Sun-woo says. The ADR listing could also pave the way for the South Korean memory-chip maker's inclusion in the Philadelphia Semiconductor Index, a U.S. chip benchmark tracked by global passive funds, potentially prompting a re-rating of the stock. Meritz expects SK Hynix to continue delivering strong earnings on robust chip demand and tight supply despite output increases, projecting operating profit of 66 trillion won in 2Q and 270 trillion won in 2026.(kwanwoo.jun@wsj.com)

 

(END) Dow Jones Newswires

June 10, 2026 04:18 ET (08:18 GMT)

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