UBS: Lowers SK Hynix's Price Target to 3 Million KRW, Reiterates "Buy" Rating

BlockBeats News, August 3rd, UBS released a research report stating that it has lowered SK Hynix's target price from 3.2 million Korean Won to 3 million Korean Won, maintaining a "Buy" rating. The valuation is based on a forecasted P/B ratio of 3.65x (previously 3.67x), corresponding to a long-term ROE forecast of 40.2% (previously 42.3%) and a cost of equity of 11.5%.