Samsung Electronics and Hynix market caps 740trillion won evaporate as target prices are revised one after another
7At the beginning of the month, several securities firms lowered their target prices for Samsung Electronics and some large-cap stocks or issued sell recommendations. Reports said that the combined market capitalization of Samsung Electronics and Hynix had fallen by 740trillion won this month.
7month 8~9In reports from domestic securities firms and the market during the month, news of target-price adjustments for Samsung Electronics and some large-cap stocks followed one after another. From an investor's perspective, the matter has highlighted the possibility of a reevaluation of large-cap stock valuations.
Some reports cited cases in which a particular stock's current price was 149dollars while a target price of 131dollars was presented, while forecasts presenting 800dollars were also reported.
News emerged that Samsung Electronics faced target-price cuts from several securities firms on 7month 8day. On the same day, reports said that some institutions issued sell recommendations for Hynix.
Hyundai Motor Securities 7 month 8 day, reported that it had set a target price for APR at 55ten-thousand won.
Shinhan Securities assessed that Kia was trading at a discount of about 40%, and a report said it had set a target price in the tens of millions of won.24ten-thousand-won range.
Reports said that this month, the combined market capitalization of Samsung Electronics and Nix had fallen by 740trillion won. At the same time, some in the market said that “signs of a bottom had emerged.”
Each report summarizes the target prices and recommendations of securities firms and analysts. The figures may differ if other numbers emerge in companies’ official announcements or quarterly results.