[Market Focus] "450,000 Won" Target Price Upgrades Drive SK Shares Up Over 5%

On the morning of November 28, SK's stock price rose by over 5% on the domestic stock market. This upward trend is attributed to increased buying, driven by both expectations for enhanced shareholder returns and securities analysts' views that SK would directly benefit if the ongoing discussions about easing the separation of industrial and financial capital regulations are realized.

As of 9:32 a.m. on this day, SK was trading at 267,000 won per share, up 5.12% from the previous trading day. Earlier in the session, the share price briefly surged close to 280,000 won.

Recently, securities firms have been consistently releasing reports raising their target prices for SK, citing the possibility of expanded shareholder returns and improved performance.

Kim Suhyeon, a researcher at DS Investment & Securities, released a report on this day stating, "SK is positioning itself as the group that could benefit the most from the new government's policies, including energy, semiconductors, and AI development," and raised the target price for SK to 450,000 won per share. He highlighted the surging valuation of SK Siltron and the rising value of listed subsidiaries' equity. He also analyzed that "If the easing of the separation of industrial and financial capital regulations currently under discussion becomes a reality, SK Group is expected to be at the center and receive the most direct and structural benefits."

Hyundai Motor Securities also released a report on November 26, assessing SK as a stock with potential for increased shareholder returns and expecting a rebalancing effect. The target price was also raised by 15.4%, from the previous 260,000 won to 300,000 won. Prior to this, last week, NH Investment & Securities and Hana Securities raised their target prices to 330,000 won and 290,000 won, respectively.