Concerned that the memory chip industry is peaking, the target prices of Samsung and SK Hynix were slashed by about 30% by South Korean brokerage firms

Comparative news. According to a report by South Korea's “Joongang Daily” Chinese.com on the 11th, South Korea's Kiwoom Securities simultaneously lowered the target share prices of Samsung Electronics and SK Hynix. Recently, market concerns that the general memory chip industry has peaked (peak-out) have heated up, and more and more securities companies have begun to lower their target stock price expectations for Samsung Electronics and SK Hynix, the “two leaders” in the Korean stock market.

The day before, Kiwoom Securities lowered the target share price of Samsung Electronics from 390,000 won to 350,000 won, and lowered the target share price of SK Hynix from 2.2 million won to 2.1 million won, but maintained a “buy” opinion on both individual stocks. Major brokerage firms such as Future Asset Securities, Shinhan Investment Securities, and Samsung Securities have successively lowered their target prices for the two individual stocks by about 30%.