SK Hynix benefits from memory price uptrend and long-term supply contracts that support pricing stability. As a pure memory play, it should have faster upside than diversified Samsung Electronics over the long term.
Samsung Electronics will narrow the performance gap with SK Hynix in June, as it has only risen half as much. The catch-up trade is supported by the same memory cycle and multi-business strength.
HYBE is undervalued relative to record earnings and strong IP (BTS, new groups like ILLIT, Katseye, TWS). The stock has been held back by non-fundamental issues, but rising album and MD sales plus global expansion justify a buy.
The KOSPI index is likely to reach 10,000 soon, driven by semiconductor momentum and overall market strength. The 8,000 level has been regained and positive catalysts lie ahead.