TechFlow news, July 10, according to South Korean media Etoday, South Korean brokerages have shown significant divergence in their outlook on SK Hynix, with the core disagreement focusing on whether AI storage demand can drive long-term growth. KB Securities maintains a "Buy" rating for SK Hynix, and based on the case of TSMC issuing ADRs in the US in 1997, it judges that SK Hynix's ADR listing will increase global investor participation and is expected to drive a synchronized revaluation of ADRs and Korean domestic shares. KB Securities also expects that in 2027, global DRAM and NAND wafer capacity growth rates will be only 7% and 4% respectively, lower than the demand growth rates of 17% and 19%, and the tight memory supply situation may further intensify compared to 2026.
BNK Investment & Securities believes that the logic of hyperscale cloud service providers continuously increasing AI infrastructure investment is weakening, and the ADR listing will not significantly change SK Hynix's domestic share valuation.
