Mirae Asset Securities Significantly Raises Target Prices for Samsung Electronics and SK Hynix... Semiconductor Value Re-evaluation
Mirae Asset Securities raised its target prices for Samsung Electronics and SK Hynix to 550,000 won and 3,800,000 won respectively on the 27th, indicating an elevated corporate valuation for Korea's leading semiconductor stocks. The core reason for this adjustment is not a significant change in earnings forecasts, but rather a reflection of an upward shift in market evaluation standards for the global memory semiconductor industry as a whole. Analyst Kim Young-gun stated in a report that Samsung Electronics' target price was increased by 14.6% from 480,000 won to 550,000 won, maintaining previous earnings estimates but raising the 12-month forward EV/EBITDA multiple from 6x to 7x.
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