Famous Trader Chuang Mu Reiterates Bullish Outlook on SK Hynix, Targets 3.9 Million KRW

KuCoinFlash

Release Time: 06/21/2026 08:22:42

Summary

Renowned trader Chuang Mu continues to support SK Hynix amid a bullish trend, maintaining a 3.9 million KRW price target. At 2.764 million KRW, he sees 50% upside, with 99% of his portfolio allocated to the stock—half held directly and half leveraged. His market outlook remains unchanged since April 2026, when he predicted a threefold increase as memory stocks attain growth stock status.

Odaily Planet Daily reports: Renowned stock trader Chuanmu posted on X, "Hynix is currently at 2.76 million KRW, leaving 50% upside to its revalued market cap of 3.9 million KRW. The profit from this market revaluation will be captured by those holding Hynix within the next 45 days. The day Hynix’s US ADR launches will mark the completion of this revaluation—institutional investors will not leave much profit margin for retail traders, just as they do with new IPOs: they maximize valuation before selling to retail." He also revealed, "My current position is 50% Hynix and 50% 2x leveraged Hynix, with only 1% in cash." According to the attached image, Hynix’s current share price is 2.764 million KRW.

Previously, on April 27, when Hynix's stock price was 1.286 million KRW, it publicly stated, "When the market reclassifies memory stocks from cyclical to growth stocks, Hynix's stock price could triple to 3.9 million KRW."

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