Samsung, SK Hynix Trading at 6.0x P/E Ratio; SK Securities Sees Memory Stocks as Cheapest in AI Era Bottlenecks

According to SK Securities, Samsung Electronics and SK Hynix are trading at approximately 6.0x 12-month price-to-earnings ratios, positioning them as the cheapest stocks amid AI-era supply constraints. SK Securities maintains that memory sector revaluation is still in early stages, with structural profit improvements and enhanced shareholder returns expected to drive concurrent lifting of Korea's memory stock discount. The firm keeps an add rating on semiconductors, noting that future valuation should track profitability changes rather than historical multiples.
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