摩根大通继续看好SK海力士:市场担忧过度 三大催化剂将至

格隆汇
Aug 11
摩根大通在研报中表示,部分担忧已经被市场过度放大,近期最严重的负面情绪可能已经过去。该行指出,接下来一至两个月,新的股东回报政策、HBM合同价格以及Solidigm上市计划更新,将成为影响SK海力士股价的三大关键催化剂。摩根大通维持SK海力士“增持”评级,2027年6月目标价275万韩元,基于2026年至2027年平均每股收益的7倍市盈率。主要下行风险仍是DRAM价格和利润率低于预期,以及终端需求与库存恶化;若需求继续超预期并推动DRAM价格进一步上涨,则可能形成新的上行催化剂。

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