As outlooks emerge that there is ample room to break through "100,000 electronics" and "500,000 hynix," the share prices of Samsung Electronics and SK hynix were falling on the 22nd.
According to the Korea Exchange (KRX), as of 9:23 a.m. that day, Samsung Electronics was trading at 96,800 won, down 800 won (0.72%) from the previous session. The preferred share Samsung Electronics preferred was down 0.90% at 77,000 won.
At the same time, SK hynix was trading at 475,500 won, down 3,500 won (0.73%) from the previous session. SK hynix's intraday share price surpassed 500,000 won the previous day.
However, the market is saying there is ample room for further gains in these stocks. On that day, analyst Kim Dong-won of KB Securities said in a report, "Next year, Samsung Electronics' operating profit will be the highest in eight years since 2018, and SK hynix is expected to continue setting record highs for three consecutive years since 2023," and stated accordingly.
Kim said, "While next year's KOSPI operating profit is estimated to increase by 91 trillion won from a year earlier, semiconductors are expected to account for 55% of next year's increase in KOSPI operating profit—31% from Samsung Electronics with a 28 trillion won increase in operating profit and 24% from SK hynix with a 22 trillion won increase."
He added, "In particular, considering that since 1985 the KOSPI market's PBR valuation has risen 3.5 times (from PBR 0.52 times to PBR 1.8 times), the valuations of semiconductor companies leading next year's KOSPI earnings growth are also expected to rise simultaneously. Samsung Electronics and SK hynix are seen entering a phase of simultaneous expansion in earnings and valuation, leaving ample room for further gains going forward."