Korean Analyst: SK Hynix Pullback Could Provide Buying Opportunity

BlockBeats News, July 16th - Analyst Young-gun Kim from Future Asset Securities in South Korea stated in a report that the recent pullback of SK Hynix has provided a highly attractive opportunity to increase exposure to the stock.

The analyst mentioned that the current weakness seems to reflect an unusually sharp cooldown of the optimism surrounding the second-quarter earnings and the ADR listing. Future Asset Securities has revised down its second-quarter operating profit forecast by 12% but maintains its buy rating and a target price of 4,200,000 Korean won.