Morgan Stanley has identified an attractive re-entry point for memory semiconductor stocks, which have recently experienced a sharp decline.
According to reports from Yonhap News and others on August 9, Morgan Stanley stated in its Asia technology report titled 'Memory - Small Fluctuations,' published on August 6, that 'the steepest adjustment seen in the memory industry has ended' and that 'valuations present an appealing re-entry opportunity.'
The firm noted that this adjustment is a natural 'small fluctuation' occurring as the memory market cycle matures. It also highlighted that future stock price increases could be driven by factors such as share buybacks.
Morgan Stanley maintained its target prices for SK Hynix and Samsung Electronics at 2.6 million won and 375,000 won, respectively.
* This article has been translated by AI.
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