South Korean Tech Stocks to Watch: LG Display, SK Hynix, and Hanmi Pharm – September 16th Market update
Seoul, South Korea – Major South Korean securities firms released reports this morning offering insights into the performance and future outlook of key tech and pharmaceutical companies. HereS a breakdown of the key takeaways for investors:
LG Display Poised for significant Second-Half Turnaround
LG Display (034220) is attracting bullish attention, with Hyundai Motor Securities raising its target price to KRW 15,500 (up from KRW 12,000) and maintaining a “Buy” rating. Analyst Kim Jong-bae cites strong growth across LG display’s OLED portfolio as the primary driver.
Specifically, the firm anticipates a boost from the seasonal peak for P-OLED, the launch of new smartwatches, and increased utilization rates for W-OLED displays. Furthermore, the sale of the Guangzhou LCD fab is expected to reduce earnings volatility linked to fluctuating LCD TV panel prices. Hyundai Motor Securities believes LG Display possesses sufficient growth capacity based on its P-OLED, IT-OLED, and W-OLED technologies.
SK Hynix: Stable Profits Despite HBM Slowdown
Despite anticipated headwinds in the High Bandwidth Memory (HBM) market next year, SK Hynix (000660) is expected to remain profitable. IM Securities analysts predict a slight dip in operating profit from this year’s estimated KRW 38 trillion, but emphasize the resilience of the company’s legacy DRAM and NAND businesses.
Researcher Myeong-seop Song forecasts that while HBM3E (5th generation) prices may fall to the mid-30% range of current levels, the premium for HBM4 (6th generation) is expected to be around 60%. Crucially, demand for spherical DRAM and NAND is projected to keep pace with, or even exceed, production growth.
Hanmi pharm: anticancer Drug Trial Holds Promise
Hanmi pharm
