Samsung Electronics and SK Hynix Price Targets Rise as Chip Rally Seen Early

According to the Korea Exchange on the 13th, Samsung Electronics rose more than 5% from the previous session in morning trading, while brokerages continued to lift price targets for Samsung Electronics and SK Hynix. Some outlooks even mentioned the possibility of Samsung Electronics reaching 500,000 won and SK Hynix 3 million won. Market attention is focused on the view that, despite record-level share prices, the semiconductor rally may still be in its early stage. As Korea’s leading chip stocks, the two companies are being watched as higher targets reflect expectations for an industry recovery and improved investor sentiment. The article is based on brokerage forecasts and the day’s share-price movement. Source: mk.co.kr