SK하닉 흥행 "코리아 디스카운트 해소"..."지켜봐야" / YTN

SK Hynix Surges 13% Above Offering Price on First Day of NASDAQ Listing SK Hynix Debut a Success... "Corporate Value Revaluation Begins" Market Cap Converted to $1.2 Trillion... Surpassing Micron, Leading to Revaluation [Anchor] SK Hynix, which debuted on the NASDAQ market via American Depositary Receipts (ADRs), saw its stock price surge more than 13% above its offering price on its first day of listing. While assessments suggest this will not only confirm the growth potential of the global HBM market but also serve as an opportunity to resolve the undervaluation of domestic semiconductor companies, there are also cautious views suggesting that trading volume over the next month needs to be monitored. We connect with our reporter. Reporter Cha Yu-jeong! Please give us the details. [Reporter] SK Hynix's debut was a success. The offering price was set with a premium of nearly 3% on the domestic Hynix common stock. However, the closing price on the first day of listing was formed at a level more than 13% higher than that. The market views the successful debut as highly significant, interpreting it as a starting point for SK Hynix to have its corporate value re-evaluated in the New York market, known as the world's largest capital market. Although SK Hynix holds the undisputed number one position in the HBM memory market, there has been much talk that it was undervalued compared to its U.S. competitor, Micron. With both companies listing on the U.S. stock market, direct comparisons have effectively become possible. Based on the closing price of the ADRs on the first day, a simple calculation of market capitalization shows SK Hynix at $1.2 trillion, surpassing Micron's market cap of $1.1 trillion. The market holds positive expectations that SK Hynix will resolve its undervaluation issues and expand its global investor base through this listing. However, as seen in the case of SpaceX, there is a pattern where stock prices typically rise sharply due to the initial listing effect immediately after listing, followed by a correction; therefore, some voices suggest caution, advising that trading volume over the next one or two months should be monitored. This means that for confidence in SK Hynix's stable stock price to be established, a significant flow of liquidity must be confirmed. [Anchor] When converting the closing price of the NASDAQ ADR, it is about 16% more expensive than domestic stocks. Simply put, one might expect that SK Hynix's domestic stock price will rise sharply. What is your thoughts on this? [Reporter] Opinions are divided on how the US market premium will affect domestic common stocks. First, when converting the closing price to Korean Won, it is true that it is approximately 2,528,000 won per share, which is 16%—or nearly 350,000 won—higher than yesterday's closing price on the KOSPI market. However, the price difference between SK Hynix in the US and Korean stock markets does not immediately mean a rise in domestic stock prices. ADRs are securities traded in the local market by US institutional investors and global tech investors; they can command a higher price than the underlying stock depending on factors such as investment accessibility, liquidity, and the possibility of index inclusion. ** Furthermore, concerns have been raised that if domestic investment demand shifts to ADRs in the future, it could actually become a burden on the supply and demand of the domestic market. However, there is also an analysis suggesting that if ADR prices are set high, domestic stock prices may be revalued to reflect this, and therefore, the premium in the U.S. market could have a positive effect on domestic common stocks. This has been the Economic Department. YTN Cha Yoo-jung ([email protected]) ※ 'Your Tip Becomes News' [KakaoTalk] Search for YTN and add the channel [Phone] 02-398-8585 [Email] [email protected] ▶ Original Article : https://www.ytn.co.kr/_ln/0102_202607... ▶ Send a Tip : https://mj.ytn.co.kr/mj/mj_write.php ▣ Subscribe to YTN YouTube Channel : http://goo.gl/Ytb5SZ ⓒ YTN Unauthorized reproduction, redistribution, and use of AI data are prohibited