Young-gun Kim, an analyst at Mirae Asset Securities, said in a report that SK Hynix's recent pullback provides a very attractive opportunity to increase exposure to the stock. The analyst said that the current weakness appears to reflect an unusually sharp cooling in optimism surrounding the second-quarter results and ADR listing. Mirae Asset Securities lowered its second-quarter operating profit forecast by 12%, but kept its buying rating and target price of 4,200,000 won unchanged. The analyst said that despite the correction in stock prices, the spot price of memory chips continues to strengthen, while the growth of reserve orders is unlikely to slow down meaningfully.

Young-gun Kim, an analyst at Mirae Asset Securities, said in a report that SK Hynix's recent pullback provides a very attractive opportunity to increase exposure to the stock. The analyst said that the current weakness appears to reflect an unusually sharp cooling in optimism surrounding the second-quarter results and ADR listing. Mirae Asset Securities lowered its second-quarter operating profit forecast by 12%, but kept its buying rating and target price of 4,200,000 won unchanged. The analyst said that despite the correction in stock prices, the spot price of memory chips continues to strengthen, while the growth of reserve orders is unlikely to slow down meaningfully.