SK Hynix is expected to continue its booming semiconductor business.
As of 9:50 am on March 26, SK Hynix is trading at 53,600 won, up 2.29% (1,200 won) from the previous trading day. HSBC Securities, UBS, and JP Morgan are among the top buyers.
NH Investment & Securities said it expects the semiconductor market to be prolonged for the long term, raising the target price of SK Hynix to KRW 71,000.
Lee Se-cheol, a researcher at the securities firm, said, "The market controversy over the semiconductor industry peak has been ongoing since February, but the boom in the semiconductor market will be prolonged unlike market concerns. Demand growth is expected due to the recent expansion of data center storage capacity due to machine learning, and memory demand is expected to increase with the introduction of the 5G communication network in 2020. "
In addition, a researcher at HMC Investment & Securities said, "Buy and hold strategy is still in place, as memory prices will continue to rise until 2Q, and mobile DRAM and server DRAM still have additional upside potential. .
Daily Financial Economy News FNTIMES - Unauthorized Reproduction, Copying, Distribution Prohibited for Commercial Purposes
Copyright ⓒ Korea Financial Newspaper & FNTIMES.com
Wednesday, April 26, 2017
SK Hynix Strengthens Sustainability of 'Semiconductor Super Cycle'
