Lates News

South Korean future asset securities analyst Young-gun Kim stated in a report that the recent pullback in SK Hynix provides a highly attractive opportunity to increase exposure to the stock. The analyst noted that the current weakness seems to reflect a sharp decline in optimism surrounding second-quarter performance and ADR listing. Future Asset Securities lowered their second-quarter operating profit expectations by 12%, but maintained their buy rating and target price of 4,200,000 Korean won. The analyst mentioned that despite the stock's pullback, the price of memory chips continues to rise, and growth in reserve orders is unlikely to significantly slow down.