BNK cut target for SK Square stock to KRW 1.60 million

Published on 10/16/2026 at 09:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BNK cut its target to KRW 1.60 million on October 14, 2026. SK Square stock stood at KRW 784,000 on October 16 before November 12 results.

Target cut and earnings date

BNK Investment and Securities set a KRW 1.60 million target on October 14, 2026.
Second-quarter operating profit reached KRW 19.24 trillion in 2026.
SK Square will report its next earnings on November 12, 2026.

SK Square, KR7402340004, Illustration mit AI erstellt.

SK Square (ISIN KR7402340004) had its BNK Investment and Securities target cut from KRW 1.80 million to KRW 1.60 million on October 14, 2026, according to NewsPim. The revised target was 11.11 percent below the brokerage's previous KRW 1.80 million target, while the analyst retained a Buy view.

Target cut tests the valuation

The October 14 report put BNK's target below the six-month analyst average of KRW 1.78 million, according to NewsPim. That gap makes the target revision a valuation signal rather than a change in the company's formal operating plan.

SK Square's main financial sensitivity remains its holding in SK hynix. MK reported that SK hynix represented KRW 245.59 trillion of SK Square's KRW 250.40 trillion net asset value on October 8, 2026, or 98.10 percent. The concentration helps explain why changes in the semiconductor holding can dominate the investment company's valuation.

What does the second quarter show?

SK Square reported consolidated operating profit of KRW 19.24 trillion in the second quarter of 2026, while equity-method profit from SK hynix reached KRW 19.28 trillion, according to MK. Profit from SK hynix therefore exceeded the consolidated total by KRW 0.04 trillion, showing how narrowly the result was tied to one holding.

The company's investor-relations page lists its Q2 2026 Portfolio Update dated August 14, 2026, according to SK Square. The next reporting date is November 12, 2026, according to Investing.com.

Stock stays tied to SK hynix

The valuation debate is visible in the asset mix. SK Square's SK hynix stake accounted for 98.10 percent of the net asset value cited by MK, while other investments represented KRW 4.81 trillion on October 8, 2026. For investors, the November report will show whether operating figures can broaden the valuation beyond the semiconductor holding.

SK Square was last at KRW 784,000 on the Seoul stock market on October 16, 2026 at 3:30 p.m. KST. The next earnings report is scheduled for November 12, 2026.