Concerns Over Peak in Memory Chip Industry Lead to Nearly 30% Target Price Cuts for Samsung and SK Hynix by Korean Brokerages
2 hour ago / Read about 0 minute
Author:小编   

Amid concerns that the boom in the commodity memory chip industry has peaked, Kiwoom Securities in South Korea has lowered its target price for Samsung Electronics from 390,000 won to 350,000 won and for SK Hynix from 2.2 million won to 2.1 million won, while maintaining a 'buy' rating. Major brokerages such as Mirae Asset Securities have also successively reduced their target prices for both stocks by approximately 30%.

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