Korean securities firms have diverging outlooks on SK Hynix, with the core dispute centered on whether AI demand can drive long-term growth

Odaily Planet Daily News Korean securities firms are showing a clear divergence in their outlook for SK Hynix, with the core dispute centered on whether AI memory demand can drive long-term growth. KB Securities maintains a "buy" rating for SK Hynix. Based on TSMC's 1997 ADR listing in the US, KB Securities judges that SK Hynix's ADR listing will increase global investor participation and is expected to drive a simultaneous revaluation of both the ADR and SK Hynix's domestic shares. KB Securities also forecasts that global DRAM and NAND wafer production capacity growth will be only 7% and 4% respectively in 2027, lower than the demand growth rates of 17% and 19%, potentially exacerbating memory supply tightness compared to 2026.

BNK Investment & Securities, however, believes that the logic of hyperscale cloud service providers continuously increasing AI infrastructure investment is weakening, and the ADR listing will not significantly change SK Hynix's domestic share valuation. (Etoday)