POPA Recon[BNK Investment & Securities] SK Hynix lowered target price by 1,480,000 won
[BNK Investment & Securities] SK Hynix lowered target price by 1,480,000 won • 2Q26 sales and operating profit fell below consensus by 5% and 6%, respectively. • Cost per chip rose higher than expected in 1Q26. • The increase in 2Q26 DRAM average selling price (ASP) was lower than expected due to the impact of product mix. • NAND spot prices have been falling since the end of April, and the OECD leading economic index has also turned downward. • Demand is expected to continue to slow in the second half of the year, and concerns about oversupply are growing due to companies' competitiv…
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