KB Securities Maintains 4.2M KRW Price Target for SK Hynix Ahead of July 10 ADR Listing

According to KB Securities on July 8, the brokerage maintains a 4.2 million Korean won price target for SK Hynix with a 'Buy' rating ahead of the company's U.S. ADR listing scheduled for July 10. KB Securities expects the ADR listing will expand access for global investors, potentially leading to simultaneous re-valuation of both the U.S.-listed ADR and Korean-listed shares. The brokerage cited TSMC's precedent, noting that following its 1997 U.S. ADR listing, the Taiwanese chipmaker saw premium formation and arbitrage activity between markets, ultimately driving upward valuation pressure on both share classes.
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