0801 GMT - SK Hynix shares appear undervalued given accelerating memory-chip price increases amid intensified competition among chip buyers, says Daishin Securities' Ryu Hyung-keun. The South Korean chip maker, which started shipping its high bandwidth memory 4 products--the most advanced type of DRAM chips used in artificial-intelligence applications--in 3Q, is likely to post stronger-than-expected overall DRAM sales in 4Q, the analyst says. "The current stock price does not fully reflect the strength of the business conditions," Ryu writes in a note. He expects HBM4 to account for 40% of the company's total 3Q revenue and 50% of its annual revenue in 2027. Daishin maintains its buy rating and 3,200,000 won target price for the stock. Shares fell 5.0% to close at 1,768,000 won.