Goldman flagged buying pressure for SK Square stock

Published on 10/08/2026 at 11:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 revenue fell 19.20 percent to KRW 328.55 billion. SK Square stock was valued at KRW 138.4 trillion on October 8, 2026.

SK Square, KR7402340004, Illustration mit AI erstellt.

SK Square (ISIN KR7402340004) had a KRW 138.4 trillion market capitalization on October 8, 2026, while Investing.com reported on October 6, 2026 that Goldman Sachs had flagged mechanical buying pressure building in SK Square. The setup links the company to portfolio flows around South Korean technology shares, while its latest reported quarter showed sharply different operating lines.

Second-quarter figures split sharply

According to ATS View, SK Square reported revenue of KRW 328.55 billion in the second quarter of 2026, down 19.20 percent from the second quarter of 2025. Operating profit reached KRW 19.20 trillion, compared with KRW 1.40 trillion a year earlier, while net income was KRW 18.67 trillion versus KRW 1.45 trillion.

The revenue decline and profit expansion reflect the unusual earnings mix of an investment holding company. The profit comparison is especially important because portfolio valuation and income from major holdings can dominate the quarterly result more than recurring operating sales.

Analysts emphasize shareholder returns

The Asia Business Daily reported on October 7, 2026 that DB Financial Investment raised its target for SK Square from KRW 1.45 million to KRW 1.50 million and kept a Buy rating. The report cited an estimated KRW 278 trillion net asset value and KRW 274 trillion attributed to SK hynix holdings.

The same report said SK Square had planned KRW 310.0 billion in shareholder returns for 2026, including KRW 204.3 billion in dividends and a KRW 110.0 billion share buyback and cancellation program. Those amounts give the analyst case a measurable cash-return component rather than relying only on changes in portfolio valuation.

KRX valuation remains the key marker

The latest structured market quote placed SK Square at KRW 1,050,000 on the KRX on October 8, 2026 at 3:32 p.m. KST, versus KRW 1,142,000 previously. The quoted 52-week range was KRW 229,500.00 to KRW 2,189,000.00, putting the share price well inside a broad valuation band.

SK Square is listed under ticker 402340 on the Korea Exchange and operates as an investment vehicle centered on semiconductor and information technology holdings. Its exposure to SK hynix means portfolio values, capital returns and group-level technology cycles remain central to the stock narrative.

Market value and investor perspective

SK Square's KRW 138.4 trillion market capitalization on October 8, 2026 sits alongside second-quarter revenue of KRW 328.55 billion and net income of KRW 18.67 trillion. The combination shows why investors weigh net asset value and shareholder returns alongside conventional revenue trends.