[UBS: DRAM and NAND Price Forecast Raised for the Tenth Consecutive Month, Kioxia Target Price Increased to 144,000 Yen] Golden Finance reported on July 6 that UBS released a research report indicating that due to continued tight supply and demand for memory chips, it has raised its price forecast for DRAM and NAND for the tenth consecutive month. The price forecast for the quarter ending September has been revised upward from a quarter-on-quarter growth of 16% to 32%, while the forecast for the quarter ending December has been adjusted from a growth of 10% to 12%. Correspondingly, UBS has raised its operating profit forecast for Kioxia Holdings for fiscal year 2027 from 7.71 trillion yen to 9.18 trillion yen, and for fiscal year 2028 from 10.9 trillion yen to 12.9 trillion yen. UBS noted that whether Kioxia can secure a five-year contract has become a focal point in the market, and it expects future market attention to focus on the progress of long-term agreement negotiations. Considering the extremely tight supply and demand situation, UBS believes the outlook is positive and has raised the target price from 132,000 yen to 144,000 yen, maintaining a 'Buy' rating.