Tag: Korea
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Clearing Korea Inc out of its Discount
SK Hynix and Taiwan Semiconductor Manufacturing Corporation are both leading Asian companies in different segments of the semiconductor industry having enjoyed similar annual sales growth rates of 10% and 14%, respectively, over the past decade. Yet, SK Hynix’s last five fiscal years’ median Price-to-Earnings (P/E) and Price-to-Book (P/B) ratios stood at 11.2x and 1.5x, versus…