External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

External broker reports(aggregated public sources)

Leading full-service brokerage firm in Vietnam. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>We raise our target price for SK Hynix by 30.7% to W680,000 (from W520,000).</li><li>We revised up our 2026 operating profit estimate by 4.5% to W62.6tr and our target P/B by 16% to 2.9x.</li><li>Notably, reflecting the strong upward trend in memory contract prices, we have lifted our 4Q25 DRAM and NAND ASP growth assumptions by 4.1%p and 6.9%p, respectively. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We raise our target price for SK Hynix by 30.7% to W680,000 (from W520,000).We revised up our 2026 operating profit estimate by 4.5% to W62.6tr and our target P/B by 16% to 2.9x.Notably, reflecting the strong upward trend in memory contract prices, we have lifted our 4Q25 DRAM and NAND ASP growth assumptions by 4.1%p and 6.9%p, respectively. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

SK Hynix (000660 KS/Buy)Capacity Fully Booked

External broker reports(aggregated public sources), Daishin Securities

Daishin Securities

Founded in 1962, Daishin Securities is a leading financial services provider in Korea. Daishin securities does its best to provide high quality financial service and to satisfy the various needs of investors. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Strong leadership in technology and competitive edge secured across product lines amid chip market upswing</li><li>Ample room for re-rating as memory chips strengthen their market position</li><li>BUY rating maintained; TP raised to W550,000</li></ul>

Strong leadership in technology and competitive edge secured across product lines amid chip market upswingAmple room for re-rating as memory chips strengthen their market positionBUY rating maintained; TP raised to W550,000

SK Hynix (000660 KS Oct 21, 2025) - Seamless Trajectory

<ul><li>We upgrade our rating on SK Hynix from Hold to Buy and raise our target price by 73% to W520,000 (from W300,000).</li><li>We revised up our 2026 operating profit estimate by 31% to W59.8tr (from W45.9tr) while lifting our target P/B by 47% to 2.5x (from 1.7x).</li><li>We note that the rebound in the commodity chip market has been faster and more robust than we initially expected.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We upgrade our rating on SK Hynix from Hold to Buy and raise our target price by 73% to W520,000 (from W300,000).We revised up our 2026 operating profit estimate by 31% to W59.8tr (from W45.9tr) while lifting our target P/B by 47% to 2.5x (from 1.7x).We note that the rebound in the commodity chip market has been faster and more robust than we initially expected.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

SK Hynix (000660 KS/Buy)Upgrade to Buy on Faster-Than-Expected Commodity Memory Rebound

<ul><li>Commodity chips offer boost amid growing general-purpose server demand</li><li>HBM market leadership intact; potential to grow alongside ASIC demand</li><li>Reiterate Buy rating with TP unchanged at W330,000</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Commodity chips offer boost amid growing general-purpose server demandHBM market leadership intact; potential to grow alongside ASIC demandReiterate Buy rating with TP unchanged at W330,000Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

SK Hynix (000660 KS Sep 9, 2025) - Another Climb Back to Prior Highs

<ul><li>HBM lead should continue to pay off; 1c DRAM transition likely landed softly</li><li>Switch to net cash position slated for the year; NAND getting increasingly competitive </li><li>Target price set at W280,000; Our Top semiconductor pick</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HBM lead should continue to pay off; 1c DRAM transition likely landed softlySwitch to net cash position slated for the year; NAND getting increasingly competitive Target price set at W280,000; Our Top semiconductor pickContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

SK Hynix (000660 KS May 21, 2025) - A Bigger Leap Ahead

South Korea

SK Hynix Inc. provides products and services for the electronic components industry. The Company manufactures semiconductors, such as dynamic random access memory (DRAM), NAND flash memory, and static random access memory (SRAM) chips.

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SK Hynix (000660 KS)