SK Hynix

[Alpha Biz= Reporter Kim Jisun] U.S. investment bank Morgan Stanley has significantly lowered its target price for SK Hynix.

In a report published on the 15th (local time), Morgan Stanley revised SK Hynix's target price down from 260,000 KRW to 120,000 KRW. The target price for Samsung Electronics was also lowered by more than 27%, from 105,000 KRW to 76,000 KRW. Morgan Stanley attributed this adjustment to the decline in general DRAM prices due to reduced demand for smartphones and PCs, as well as an oversupply of high-bandwidth memory (HBM).

Morgan Stanley has consistently issued a negative outlook on the semiconductor industry. Last month, it released a report titled "Prepare for the Peak in the Semiconductor Cycle," predicting that while the semiconductor market may perform well next year, there is uncertainty about whether it will meet market expectations. 

 

The latest report particularly focuses on SK Hynix, warning that aggressive investment by Chinese memory semiconductor companies could lead to an oversupply.

 

 

 

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