Hana Micron Target Raised on Stronger SK Hynix Ties and Margin Outlook

Korea Investment & Securities raised its target price for Hana Micron, saying stronger cooperation with SK Hynix could lead to improved profitability. Hana Micron is a semiconductor back-end company whose earnings outlook is linked to broader customer cooperation. The assessment is based on the view that deeper ties and related volume from SK Hynix may support more stable sales and better margins. Analysts are watching the recovery in the semiconductor cycle and rising demand for back-end services as key variables for Hana Micron’s future performance. Source: cited from hankyung.com.