Concerns Over Chip Market Peaking Intensify, South Korean Brokerages Lower Target Prices for Samsung Electronics and SK Hynix

TechFlow News, August 11. According to Korean media reports, due to market concerns that the memory chip industry has passed its peak period, and competitors are accelerating their catch-up, multiple brokerages are lowering the target prices for Samsung Electronics and SK Hynix.

Korean brokerage Kiwoom Securities on Monday lowered Samsung Electronics' target price from 390,000 won to 350,000 won (approximately 250 USD), while lowering SK Hynix's target price from 2.2 million won to 2.1 million won, but maintained a "Buy" rating for both stocks. Mirae Asset Securities (Mirae) lowered Samsung Electronics' target price from 550,000 won to 370,000 won, and lowered SK Hynix's target price from 4.2 million won to 2.8 million won; Shinhan Securities (Shinhan) lowered Samsung Electronics' target price from 590,000 won to 450,000 won, and lowered SK Hynix's target price from 4.2 million won to 2.7 million won; Samsung Securities also lowered Samsung Electronics' target price from 500,000 won to 400,000 won, and lowered SK Hynix's target price from 3.5 million won to 3 million won. (Jin10)