Department store stocks see a wave of target-price hikes, while SK hynix ADR expectations grow
Brokerages are raising their target prices for department store-related stocks. Improvements in the performance of department stores such as Lotte Shopping and a recovery in foreign consumer spending were cited as the basis, while SK hynix is expected to list its ADRs in the 8 month, with a target price of 295 ten-thousand won proposed. Hanssem shares were strong following news of shareholder returns.
Brokerages are successively raising their target prices for department store-related stocks. Lotte Shopping's target price was raised on the strength of its department store performance and increased foreign consumer spending. Brokerages cited a recovery in department store sales and improved consumer trends as the basis.
SK hynix is expected to list its American depositary receipts (ADRs) in 8 month. Along with this outlook, one brokerage proposed a target price of 295 ten-thousand won. The company confirmed that it is pursuing an ADR listing.
Hanssem shares recorded a 5% gain following the announcement of shareholder-return measures. The company announced shareholder-return measures including dividends and the cancellation of treasury shares. It was reported that investors responded in their trading based on the disclosure.
Samsung C&T's target price was raised amid expectations of expanded high-tech orders and participation in nuclear power projects. Companies disclosed or announced related order wins and the possibility of participating in the projects. Securities firms adjusted their target prices on this basis.
Across the market, government bond yields closed higher on inflation concerns. Foreign investors recorded net buying worth trillion won in the stock market.14.4It was reported that bond yields and foreign investor flows affected stock prices.
In summary, individual stocks showed volatility as target-price increases and listing expectations overlapped for department stores and some construction materials, distribution, and semiconductor-related companies. Related disclosures, listing schedules, and government bond yield trends were presented as key variables in the short-term market trend.