SK hynix remains a buying opportunity, with its US ADR premium over Korean shares now at an all-time low of 32.66%. x.com  x.com 

SK hynix's 'insane' earnings set up a sharp move higher in the shares. x.com 

SK hynix's US listing trades at a 20% premium to Korea, hard to justify for a peak cyclical name on peak earnings whose estimates were just revised down. x.com 

SK hynix's Korean shares look set to rally because its ADR trades at a 35% premium to the Korean listing. Short sellers trying to arbitrage that gap in the $30 billion ADR are getting crushed, a detail missing from coverage of the stock's 27% one-day jump noted by @TheStalwart. x.com  x.com 

SK hynix is better owned on the Korean exchange than through its US listing. The US shares trade at a market value more than $300B above the Korean shares, a 35% premium, and the ADR adds country, compliance and exchange risks. Investors wanting US-listed memory exposure could simply combine Micron and Sandisk. x.com 

SK hynix's US ADS trades at a persistent premium to its Seoul shares, so US buyers are overpaying for the same company. At today's won rate, the Seoul shares behind one ADS are worth $130.47 while the ADS trades at $186.76, a 43.1% premium. In 53 sessions since the 10 July listing the premium has never fallen below 14.8%, holding between 29% and 47% since mid-August. Arbitrage is limited because the prospectus says depositing shares for ADSs may be restricted by US and Korean law. x.com  x.com  … Show more

SK hynix's expected widening supply-demand gap makes the 2028 downcycle implied by its valuation seem impossible. SK hynix management says its shares are undervalued relative to earnings and cash flow, and that assessment rings true. x.com  x.com 

SK hynix's reported growth and shareholder returns make its low earnings multiple stand out. Revenue rose 328% year over year and operating profit 632%, with shareholder returns worth about 9.5% of market cap, yet the stock trades at roughly 3.0 times estimated 2027 earnings. x.com 

SK hynix's ADR listing drawing leveraged ETFs is peak-cycle behavior, because the juiced vehicles always arrive after the demand is already in the price. A report in the thread notes the ADRs priced at a 3% premium as Wall Street readies a wave of leveraged ETFs on what is the biggest chip listing ever. x.com 

SK hynix's exceptional margins and contracted capacity underpin a bullish outlook despite shares sitting around half their June high. Q3 operating margin reached 80%, up from 47% a year ago; long-term deals with 14 customers cover over half of 2027-28 capacity, and management expects demand to exceed supply through 2030. x.com