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

Mirae Asset Securities

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.

External broker reports(aggregated public sources)

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><p><em>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.</em></p>

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