Kim No-ko

The memory semiconductor cycle is extending well into year-end; DRAM and HBM pricing continue to surprise to the upside. Earnings estimates for Samsung Electronics and SK hynix will keep being revised up, supporting their target prices of 430,000 won and 2,750,000 won respectively.

Semiconductor equipment names (Tes, VM, PSK) have been unjustly sold off due to leverage ETF rotations and KOSDAQ weakness, despite their strong fundamental visibility from DRAM/HBM capacity expansion. These front-end equipment stocks offer a buying opportunity with significant upside.

Semiconductor equipment names (Tes, VM, PSK) have been unjustly sold off due to leverage ETF rotations and KOSDAQ weakness, despite their strong fundamental visibility from DRAM/HBM capacity expansion. These front-end equipment stocks offer a buying opportunity with significant upside.

The memory semiconductor cycle is extending well into year-end; DRAM and HBM pricing continue to surprise to the upside. Earnings estimates for Samsung Electronics and SK hynix will keep being revised up, supporting their target prices of 430,000 won and 2,750,000 won respectively.