HSBC Research Raises SK Hynix TP to KRW4M, Expects Strong 2Q Results; ADR to Command Premium

AASTOCKS News
2026.06.25 03:50
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HSBC Research raised SK Hynix's target price to KRW4M from KRW2.9M, maintaining a Buy rating. The upgrade reflects expectations of strong Q2 results driven by rising DRAM and NAND prices, with HBM pricing boosting momentum in 2026-2027. HSBC also assigned a 20% premium for a potential ADR listing, citing improved investor accessibility and shareholder-friendly policies. Operating profit forecasts for 2026-2028 were increased by 8%-18%, exceeding market consensus.