Mirae Asset Securities analyst Young-gun Kim said SK Hynix's recent pullback
presents an attractive opportunity to add exposure, attributing the weakness to
an overly sharp cooling of optimism around Q2 results and the ADR listing. Mirae
Asset cut its Q2 operating profit forecast by 12% but kept a buy rating and a
KRW4,200,000 target. Kim added that memory chip spot prices continue to firm and
order-backlog growth is unlikely to slow materially.
