SK price target 81 million won; path opens for Hynix dividends
Hanwha Investment & Securities raised its price target for SK to 52 million won from 81 million won. Growth in SK hynix’s earnings and dividends from SK Square were cited as the basis.
Hanwha Investment & Securities on 18 raised SK’s price target from its previous 52 million won to 81 million won. It said SK hynix-related cash flows and SK ecoplant’s role should be considered together.
Analyst Lee Jin-hyeop explained that growth in SK hynix’s earnings could lead to an increase in SK’s brand royalty revenue. In other words, as SK hynix earns more, revenue from the use of the SK Group trademark could also rise.
The fact that SK Square formalized cash dividends was also cited as a basis. The analyst explained that a dividend path had opened from Hynix to Square and then to SK.
The researcher said that while the value of SK hynix’s stake passes through two stages, the flow of money into SK is more directly connected. The explanation was that brand royalties and dividends can move in the same direction.
SK’s 2026 year 1quarterly revenue was 36 trillion 7,500hundred million won. Operating profit for the same period was 3 trillion 6,700hundred million won.
Revenue increased year-on-year by 18%. Operating profit rose year-on-year by 818%.
The report also mentioned SK ecoplant as a key unlisted subsidiary. The reasons for raising SK’s target price included the value of unlisted subsidiaries as well as SK hynix.
Sources: 파이낸셜뉴스 증권
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