Hana Securities Recommends Buying RFHIC at 150,000 Won on July 23 Amid Positive 5G Outlook

RFHIC5.56%
According to Hana Securities, the brokerage maintained a Buy rating on South Korean semiconductor firm RFHIC on July 23, citing a 66% stock decline over three months despite favorable global 5G investment prospects for 2027. The firm set a target price of 150,000 won, versus the previous close of 44,950 won. Hana Securities analyst Kim Hong-shik noted that despite strong telecommunications infrastructure investment demand, particularly in AI-RAN technology and upcoming U.S. upper C-band spectrum auctions, the stock fell due to broader market sentiment and supply-demand concerns rather than company-specific headwinds.
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