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CLSA Cites SK Hynix: Memory Price Uptrend to Continue, Confident in HBM Leadership; Reiterates Outperform with TP KRW3.7M
2026-06-29 12:18:29
CLSA said in a report that at its Northeast Asia Forum, SK Hynix indicated that memory pricing is expected to maintain an uptrend at least until end-2027 or early 2028. Although new capacity will come on stream in 1H27, it will take time to ramp up output, and therefore no significant new supply growth is expected before 2028. Regarding HBM, while its major competitors have improved their technologies, Hynix believes it still holds advantages in yield rates, supply stability and overall execution, and remains confident in its leadership position in HBM. As for shareholder returns, Hynix said its top priority in the near term remains expanding capacity and building a sufficient cash buffer. After achieving this goal, excess capital will be returned to shareholders. The broker maintained its Outperform rating on SK Hynix, with a target price of 3.7 million Korean won. (ad/da)~

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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.