Hyundai Motor Securities Raises PSK Target Price by 13.4% to 220,000 Won on Accelerating Semiconductor CAPEX

PSK-3.94%
According to Hyundai Motor Securities on July 24, the brokerage raised its target price for semiconductor equipment maker PSK (皮艾斯凯) by 13.4% to 220,000 Korean won from 194,000 won, citing accelerating capital expenditure by global semiconductor manufacturers. The investment opinion was maintained at 'buy.' Analyst Yoon Dong-wook noted that major chipmakers are expected to execute larger and faster capital investments than anticipated, supporting PSK's revenue growth given its global market leadership in key equipment like PR Strip. The brokerage expects PSK's four major customers to increase CAPEX by 55.6% in 2026 and 26.3% in 2027.
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