[Click eStock] "Semiconductor Weight Expansion, Samsung Electronics and SK Hynix 'In Focus'"

Korea Investment & Securities maintained its opinion to increase the weighting of the semiconductor sector on the 5th.

Chaemin-sook, a researcher at Korea Investment & Securities, stated, "This year, the memory market's price increase was the main factor for earnings growth," and pointed out, "The biggest beneficiaries of the memory price increase are Samsung Electronics and SK Hynix."

Regarding Samsung Electronics, Researcher Cha said, "It is impossible for Nvidia to meet the demand for high-bandwidth memory (HBM) with only SK Hynix and Micron," adding, "Nvidia has a strong incentive to complete HBM certification with Samsung Electronics." He continued, "Samsung Electronics' stock price has high valuation appeal," and analyzed, "Once the Nvidia-related HBM certification is completed, the stock price will rise immediately." He also added, "Now is the time to buy."

Regarding SK Hynix, he said, "SK Hynix's stock price will reflect the news of Samsung Electronics' Nvidia-related HBM certification as a short-term negative factor," but also noted, "However, it should be noted that Samsung Electronics' certification completion does not mean a decline in SK Hynix's HBM performance." He continued, "Although SK Hynix's valuation upper limit has risen compared to the past, considering the extent of profit expansion, there is sufficient room for growth. We maintain our top pick opinion within the sector."