ACTIONS | Les sociétés de courtage minimisent la vague de ventes en Corée du Sud et restent optimistes sur Samsung et SK Hynix

Binance News · 2026-10-21T07:30:15.000Z

Malgré les fortes fluctuations des actions sud-coréennes, les sociétés de courtage accroissent leur exposition aux titres des fabricants de puces mémoire, invoquant le potentiel de hausse supplémentaire de la demande tirée par l’IA. Selon Sina Finance, Nomura Securities a maintenu son avis favorable sur les puces mémoire et indiqué que les goulots d’étranglement de l’offre pourraient persister au moins jusqu’en 2028. La société cite Samsung Electronics et SK Hynix parmi ses valeurs préférées. Nomura a confirmé ses recommandations d’achat, avec des objectifs de cours de 670 000 wons pour Samsung Electronics, soit l’équivalent de 505 dollars, et de 4,7 millions de wons pour SK Hynix. Ces objectifs représentent plus de trois fois leurs cours respectifs, qui s’établissaient mercredi autour de 220 000 wons et de 1,28 million de wons. Nomura a estimé que la réaction du marché était excessive et que les investisseurs n’avaient pas lieu de s’inquiéter outre mesure. La société a ajouté que les marchés sous-estimaient l’ampleur de la demande liée à l’IA et sa capacité à doper les bénéfices dans l’ensemble de la chaîne d’approvisionnement. Elle a expliqué que sa thèse d’investissement reposait sur la poursuite de l’expansion des centres de données et la demande de mémoire qui en découle.

Despite sharp swings in South Korean stocks, brokerages are increasing exposure to memory chip shares, citing further upside in demand driven by AI. According to Sina Finance, Nomura Securities maintained its bullish view on memory chips and said supply bottlenecks could persist through at least 2028, naming Samsung Electronics and SK Hynix as its top picks.
Nomura reiterated Buy ratings, with price targets of 670,000 won for Samsung Electronics, equivalent to $505, and 4.7 million won for SK Hynix. Those targets are more than three times their respective prices of around 220,000 won and 1.28 million won on Wednesday. Nomura said the market reaction was excessive and that investors need not be overly concerned, adding that markets were underestimating the breadth of AI demand and its potential to boost earnings across the supply chain. The firm said its investment rationale rests on continued data center expansion and the resulting memory demand.
JPMorgan also maintained an overweight rating on South Korean equities earlier this month. The U.S. investment bank expects AI-related stocks to continue driving gains in Asian markets next year, extending this year's rally. South Korean brokerages share that view, arguing that steady AI demand is weakening the memory industry's traditional boom-and-bust cycle.
Han Dong-hee, an analyst at SK Securities, said memory demand in the AI era differs from the past: whereas demand was previously driven by mature industries such as PCs and smartphones, AI has become a new source of demand and made the sector less sensitive to economic cycles. He said Samsung Electronics and SK Hynix trade at forward price-to-earnings ratios of about 3.5 and 2.8, respectively, below valuations seen in previous industry downturns, and viewed the recent selloff as a buying opportunity rather than a sign of weakening fundamentals.
Mirae Asset Securities also maintained an overweight rating on semiconductors and kept its price targets unchanged at 400,000 won for Samsung Electronics and 3.1 million won for SK Hynix. Analyst Kim Young-gun said the firm continued to see resilient AI demand with no signs of slowing, and urged investors not to be overly pessimistic and to have greater confidence in the outlook for leading companies.