SK Hynix's Pullback Could Offer Buying Opportunity

Dow Jones08:39

0039 GMT - SK Hynix's recent pullback presents an attractive opportunity to increase exposure to the stock, Mirae Asset Securities analyst Young-gun Kim says in a note. The current weakness appears to reflect an unusually sharp unwinding of optimism surrounding 2Q earnings and the ADR listing, the analyst says. Mirae Asset Securities has revised down its 2Q operating profit forecast by 12% but keeps its buy rating and target price of 4,200,000 won unchanged. Despite the share price correction, memory spot prices continue to strengthen, while backlog growth is unlikely to slow meaningfully, the analyst says. SK Hynix shares are down 9.0% at 1,894,000 won. (venkat.pr@wsj.com)

(END) Dow Jones Newswires

July 15, 2026 20:39 ET (00:39 GMT)

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Despite the share price correction, memory spot prices continue to strengthen, while backlog growth is unlikely to slow meaningfully, the analyst says. SK Hynix shares are down 9.0% at 1,894,000 won. 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