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Samsung Electronics and SK Hynix, the two main KOSPI semiconductor stocks, have updated their prices shown side-by-side due to the prospect of improving the semiconductor industry. Samsung Electronics surpassed 70,000 wins during the week and SK Hynix also surpassed 110,000 victories.
According to the Korea Exchange on the 3rd, Samsung Electronics closed the market at 69,700 won, up 200 won (0.29%) from the previous trading day. Samsung Electronics’ share price rose to 7500 won during the morning of the day, breaking the record high price reached last month. If Samsung Electronics’ highest intraday price is calculated as the price before the 50th division of face value, it is 3,255,000 won.
SK Hynix also renewed the reported price to 11,1500 won, which is 2,500 won (2.29%) higher than the previous day. SK Hynix’s share price soared to 114,500 won during the morning of the day.
Since Samsung Electronics and SK Hynix are two representative stocks of KOSPI, thanks to the strong increase in KOSPI this year, they have increased by 26.27% and 17.74% respectively from the year to date. In particular, in the last month it increased by 18.54% and by 36.98%, recording a significant increase.
The reason for their share price rebound is expectations of an improvement in the semiconductor sector. The analysis that the weight of the recent short-term increase is also modest is dominant. Kiwoom Securities raised its target price to KRW90,000, stating that Samsung Electronics’ valuation appeal is still sufficient.
Kiwoom Securities researcher Park Yooak said, “Industrial demand and prices for DRAM products will exceed the expectations of securities firms from the end of this year to the beginning of next year.” “Fourth quarter DRAM shipments are expected to exceed previous forecasts and prices are affected as well. It will get better.”
Researcher Park said, “Samsung Electronics’ operating profit will reach 82-100 trillion won by 2022, depending on the changing outlook for the DRAM industry.” It is expected to lead to an increase. “
Hyundai Motor Securities raised SK Hynix’s target price to 132,000 won. Hyundai Motor Securities researcher Noh Geun-Chang said, “We will increase next year’s sales and operating profit by 5.7% and 29.1% respectively from previous forecasts to reflect changes in the price predictions of the DRAM in the second quarter of next year and thereafter to 3.610 trillion won and 870 trillion won “. .
Researcher Noh said: “The relationship between the demand for game servers and consoles and the demand for NAND is increasing rapidly.” “Intel’s NAND division in the United States, previously acquired by SK Hynix, will also make a decisive contribution to increasing SK Hynix’s market share in the NAND server market. I expected.”
Reporter Eunhye Lee [email protected]
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