Three in Three_ Three Actionable Ideas

M Idea Three in Three | Asia Pacific September 22, 2024 10:00 PM GMT Three Actionable Ideas SK Hynix – UW | CP All – OW | Tenaga Nasional – OW UW – SK Hynix (000660.KS): Hynix looks cheap on valuation with sustained competitiveness in HBM. However, we have concerns: DRAM pricing power is fading, NAND excesses are building and our channel checks have led us to turn more cautious than the market on all commodity DRAM segments for 4Q. Underweight and Top Pick. OW – CP All (CPALL.BK): CPALL is our Top Pick. We ...