SK hynix ADR push and target price 390ten-thousand won, Samsung 43ten-thousand won →39ten-thousand won cut
SK hynix is drawing attention following news of its Nasdaq ADR push and an increase in the target price by Daishin Securities (390ten-thousand won), while Samsung Electronics' target price was cut due to concerns over component price increases, and LG Electronics' AI data center cooling solutions and robotics were cited as factors for a medium- to long-term reassessment of its value.43ten-thousand won to 39ten-thousand won, and LG Electronics' AI data center cooling solutions and robotics were cited as factors for a medium- to long-term reassessment of its value.
SK hynix is attracting investor attention following news of its push to list an ADR on Nasdaq and an increase in its target price by Daishin Securities (390ten-thousand won).
Daishin Securities analyst Ryu Hyeong-geun presented a target price of 390ten-thousand won, compared with the previous target of 340ten-thousand won.
The previous day's closing price was 220ten-thousand 1000won, and based on this figure, Daishin Securities presented a Buy (maintain) investment opinion. An increase of 14.7% was also disclosed.
Daishin Securities assessed that SK hynix’s Nasdaq ADR listing and the full-scale rollout of next-generation high-bandwidth memory (HBM) will lead to stronger cost competitiveness.
It was summarized that Samsung Electronics lowered its target price from 43ten-thousand won to 39due to concerns that demand from set manufacturers would slow following component price increases.
LG Electronics was assessed as having the potential for its cooling solutions for artificial intelligence data centers and its new robotics business to establish themselves as medium- to long-term growth drivers.
This summary is based on securities firms’ reports compiled on 7month 8morning.
Investors should check each company’s disclosures and its schedule for upcoming earnings announcements.
Sources: 파이낸셜뉴스 증권
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