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

Mirae Asset Securities

Mirae Asset Securities Co.,Ltd. provides comprehensive wealth management services. The Company offers fixed income securities brokerage, securities dealing, equity underwriting, and other services. Mirae Asset Securities also deals with mergers and acquisitions, foreign currency, and financial derivatives.

External broker reports(aggregated public sources)

Mirae Asset Securities Co.,Ltd. provides comprehensive wealth management services. The Company offers fixed income securities brokerage, securities dealing, equity underwriting, and other services. Mirae Asset Securities also deals with mergers and acquisitions, foreign currency, and financial derivatives

Equity Bottom-Up

<ul><li>We maintain our Buy rating on SK Hynix and raise our target price by 43.3% to W1,370,000 (from W956,000).</li><li>We revised up our 2026 operating profit forecast by 4.6% to W148tr while also lifting our target P/B by 36.3% to 4.1x.</li><li>With memory price momentum proving stronger than previously expected, we increased our 2026 DRAM and NAND ASP growth estimates by +3.1%p and +3.8%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 maintain our Buy rating on SK Hynix and raise our target price by 43.3% to W1,370,000 (from W956,000).We revised up our 2026 operating profit forecast by 4.6% to W148tr while also lifting our target P/B by 36.3% to 4.1x.With memory price momentum proving stronger than previously expected, we increased our 2026 DRAM and NAND ASP growth estimates by +3.1%p and +3.8%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)Exceptionally High Earnings Visibility