Samsung Electronics and SK Hynix have plunged on macro fears and China competition concerns, but their fundamentals remain strong with record earnings and healthy free cash flow. Forward P/E multiples have collapsed to 3-4x, presenting a rare bargain. The sell-off is overdone, and a base is forming; it is time to accumulate.
Samsung Electronics and SK Hynix have plunged on macro fears and China competition concerns, but their fundamentals remain strong with record earnings and healthy free cash flow. Forward P/E multiples have collapsed to 3-4x, presenting a rare bargain. The sell-off is overdone, and a base is forming; it is time to accumulate.