April 24, 2024
Stocks & Bonds
[EQUITIES] ‘SK’s stock price to reach record high’
[THE INVESTOR] SK shares will be boosted by the rise of its subsidiaries’ stake value and strong performance, said Hana Financial Investment on Aug. 7, maintaining a “buy” recommendation and raising the target price to 410,000 won (US$363.70) from 360,000 won.
SK Telecom, SK Innovation and SK hynix all broke record stock price jumping more than 20 percent from the beginning of this year, and another major subsidiary SK E&S will gain systemically following a tax revision that will push the operation ratio of its power plants, said analyst O Jin-won.
The combined value of SK’s stake in key subsidiaries is worth 13.5 trillion won, and its stocks will gain further momentum when the China Gas Holdings stake rises and SK Biopharmaceuticals’ global clinical trials of YKP3089 enters the third phase, explained the analyst.
The continuous upturn of its own business including semiconductor module maker Essencore also is positive, added O, recommending it as “the most favorable” among holding companies.
By Hwang You-mee (glamazon@heraldcorp.com)
SK Telecom, SK Innovation and SK hynix all broke record stock price jumping more than 20 percent from the beginning of this year, and another major subsidiary SK E&S will gain systemically following a tax revision that will push the operation ratio of its power plants, said analyst O Jin-won.
The combined value of SK’s stake in key subsidiaries is worth 13.5 trillion won, and its stocks will gain further momentum when the China Gas Holdings stake rises and SK Biopharmaceuticals’ global clinical trials of YKP3089 enters the third phase, explained the analyst.
The continuous upturn of its own business including semiconductor module maker Essencore also is positive, added O, recommending it as “the most favorable” among holding companies.
By Hwang You-mee (glamazon@heraldcorp.com)
