The much-anticipated listing of SK Hynix (SKHY) witnessed some initial jitters on the back of some profit booking. However, the memory semiconductor company made a strong comeback and popped 27% in yesterday's trading.
Amidst the near-term volatility, SKHY stock is worth accumulating for the medium to long term. For a company on a high-growth trajectory, a trailing-twelve-month price-earnings ratio of 18.3 looks attractive and underscores this view.
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Amidst the near-term volatility, SKHY stock is worth accumulating for the medium to long term. For a company on a high-growth trajectory, a trailing-twelve-month price-earnings ratio of 18.3 looks attractive and underscores this view.
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4 months ago