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01:00
Sep 05
Sep 05
IWF
TEM 1ST
KOSPI 200
KOSDAQ 150
SPY
▾
HIGH
Wait for GAAP operating profit inflection in US growth stocks.
For innovative US growth companies that can change the world, investors should not buy too early while they are deeply loss-making. Palantir is the template: after its first GAAP operating profit quarter in Q1 2023, the stock began its real repricing even though the market bottomed earlier in late 2022. If a company will not earn within three years, investors should wait. Once operating profit inflects, entering even then can still capture a 10x move. This timing framework is directly relevant to evaluating Tempus AI.
IWF WATCH
Accumulate Tempus AI on integrated data platform.
Tempus AI is building a precision-medicine operating system, not just a diagnostics business. Its diagnostic testing creates patient touchpoints and data, and that data is de-identified and sold to pharma for drug development and clinical trial design, creating a second revenue stream. Recent M&A extends the patient relationship from early cancer risk through post-treatment MRD monitoring. Industry tailwinds include Moderna's personalized mRNA cancer therapy, SoftBank's Japan JV, and Ark Invest's large position; Google Cloud's usage-linked financing also aligns incentives. Q2 cancer test volume rose 31% and data revenue rose 28%, and adjusted EBITDA turned positive, though GAAP operating losses and SBC remain large. Claire views the growth direction positively and suggests gradual accumulation rather than chasing all at once, with GAAP operating profit inflection as the key confirmation.
TEM LONG
Trade Korean momentum with Bollinger breakout counts.
Using Bollinger Band breakout counts for KOSPI 200 and KOSDAQ 150, Korea behaves as a momentum market. When upper-band breakouts exceed 30 and lower-band breakdowns exceed 50, buying and holding has historically worked because retail-driven flows chase hot themes. When both upper and lower breakout counts shrink, the market is in a quiet phase and participants are already cautious; the current quiet phase warrants monitoring and caution. The indicator is a market temperature gauge, not a prediction, and should be used with other indicators.
KOSPI 200 WATCH
KOSDAQ 150 WATCH
Buy US indices after cold mean-reverting setups.
US equities are mean-reverting in this indicator, unlike Korea. When upper-band breakouts are numerous, US markets tend to rest or pull back. When lower-band breakdowns are numerous, and especially when the index has drawn down about 15% or more, buying S&P 500 and Nasdaq-100 has historically had about a 74% win rate. If the market does not pull back to -15%, the data suggests not buying. Daily Bollinger monitoring is less useful; VIX or index-level fear can suffice. The indicator should be used as a market temperature gauge rather than exact daily timing.
SPY WATCH
^NDX WATCH
HIGH
21:00
Sep 04
Sep 04
KOSDAQ Index
EWY
005930.KS
000660.KS
MU
▾
HIGH
Buy KOSDAQ below 10-year moving average.
Historically, whenever KOSDAQ has broken its 10-year moving average it has always recovered. The strategy is to buy below the 10-year moving average and hold until it recovers; the firm used this to buy on the 29th and sees it as a high-conviction KOSDAQ tactical rule.
KOSDAQ Index LONG
KOSPI dips likely pre-Chuseok buying opportunity.
September should see rate-hike fears fade because Micron's late-September earnings are expected to be okay, the BOJ and FOMC are likely to hold rates, and US unemployment is expected to tick higher. That sets up buying before the Chuseok holiday and a stronger market from October, with KOSPI seen in a limited range and likely to test the 5-month moving average around 7,380-7,500.
EWY LONG
Samsung rallies until operating margin peaks.
Samsung Electronics' operating margin is still rising, with consensus 3Q operating margin around 55%; historically the stock peaks when operating margin peaks, so the uptrend is not over. Strong buybacks and potential shareholder-return/special-dividend news add support, and positive foundry news could drive a retest of the previous high by January.
005930.KS LONG
Hynix right shoulder targets 230-250.
SK hynix's 2Q miss was attributed to high-priced HBM being pushed to the next quarter. If that high-priced volume is recognized in 3Q, the stock should rally into the September-October earnings window and build the right shoulder, likely toward the 230,000-250,000 won area as foreign buying returns on Halloween-related effects; year-end YMTC listing is a later overhang.
000660.KS LONG
Micron earnings support post-Chuseok rebound.
Micron Technology reports fiscal results on September 30, and the speaker expects the report to be not bad; valuation is low, and this should support a rebound after the Chuseok holiday.
MU LONG
SanDisk rallies are selling opportunities.
SanDisk has rallied massively from its April 2025 low and is now correcting. The NAND market is becoming a red ocean, and the speaker says any rebound should be sold rather than chased.
SNDK AVOID
Bitcoin midterm cycle bottom likely forming.
Bitcoin shows a midterm-election cycle pattern: the prior major bottom formed in Q4 2022 around the US midterms, and this time large money may start buying from September after last year's decline. The steep recent daily advance suggests a bottom may be forming.
BTC LONG
S&P 500 monthly trend remains bullish.
The S&P 500 monthly chart shows all major moving averages in bullish alignment, and the Chesley AI model score was upgraded to the 90-100 range, supporting continued strength.
SPY LONG
Liquidity rotates into Korean small-cap stocks.
Liquidity that had concentrated in Samsung Electronics and SK hynix is rotating into smaller individual stocks, creating a stock-picker's market similar to the 2013-2015 period. With large-cap leadership boxed, the speaker expects an intense individual-stock market to unfold.
Korean small-cap stocks LONG
Watch US 10-year yield breaking higher.
The US 10-year Treasury yield has broken above the 4.6% descending resistance line, an important risk level; with the US federal fiscal year ending in September, the speaker says it is necessary to watch how far yields rise this month, as a continued climb could pressure equities and create downside tail risk.
US10Y WATCH
Oil fades at descending trendline resistance.
Oil repeatedly rallies into the descending high trendline and then declines. The speaker views the trendline as key and expects further pullbacks when oil reaches that resistance.
WTI SHORT
HIGH
11:19
Sep 04
Sep 04
TSLA
Korean robotics/physical AI value chain
SNDK FLIP
EWY
AAPL
▾
HIGH
Hold innovative leaders like Tesla, Palantir.
Park says in new growth industries the leading innovative company at the top of the value chain is the one to simply buy and hold—Apple in the smartphone cycle, Tesla in EVs, and Palantir as the current best AI applier—whereas lower-tier Korean value-chain names are harder to own for the whole cycle.
TSLA LONG
AAPL LONG
PLTR LONG
Watch Korean robotics for third-wave entry.
Park sees physical AI and humanoid robotics as a major new-growth value chain whose total addressable market may exceed semiconductors, with Korea holding real strengths in manufacturing data and parts. However, he would not chase the first wave; he prefers to monitor for the third-wave momentum entry after the second-wave adjustment because the eventual winners are still unclear.
Korean robotics/physical AI value chain WATCH
Buy SanDisk on low-certainty setup.
Park endorses the active Nasdaq growth manager's decision to put SanDisk into the portfolio's top 10, arguing that when evidence is thinnest and uncertainty is highest, buying can be safest because the stock has not already risen much and the downside if wrong is limited.
SNDK LONG
KOSPI likely rebounds into October toward 7,500.
Park expects the September correction to be limited to less than 10% and sees KOSPI forming a hammer-style lower tail in September, then rallying into October and attempting 7,500. He argues bearish broadcast and comment sentiment shows investors have already positioned defensively, so selling is becoming exhausted and money can return once rate fears fade.
EWY LONG
Buy Apple, Microsoft, Meta, Amazon long-term.
Park says that for a 10-year hold, investors can simply buy US large-cap compounders such as Apple, Microsoft, Meta and Amazon and hold them because they are dominant franchise businesses, unlike most Korean cyclical and subcontractor names.
MSFT LONG
META LONG
AMZN LONG
TSMC can be held for 10 years.
Park says that if a company has truly dominant global competitiveness, like TSMC, it can be held for 10 years even with severe volatility. The key is distinguishing such franchise businesses from ordinary Korean cyclicals.
TSM LONG
HIGH
11:02
Sep 04
Sep 04
EWY
Korean equities
Korea-China-US Focus Fund
AAPL
MSFT
▾
HIGH
Buy KOSPI late September for October rally.
Park expects September's seasonal correction to be mild, with a lower tail but not a 10% decline, and sees a hammer-shaped bullish candle forming. He then expects a rally from late September into October-November that will test KOSPI 7,500, and advises waiting until late September to deploy rather than chasing immediately.
EWY LONG
Stay invested in Korean equities.
Park tells a viewer not to convert investments to cash. He expects the market to improve from year-end into next year and says well-chosen sectors could produce 50-100% returns, so staying invested in equities and targeting around 15% annual returns is wiser than settling for low cash pension payouts.
Korean equities LONG
Add to Korea-China-US Focus Fund.
Park says the Samsung Securities Korea-China-US Focus Fund is being managed conservatively across Korea, China, and US portfolios, so investors do not need to wait for a deeper pullback. He suggests the portfolio construction matters more than precise entry timing and that adding into it now is fine.
Korea-China-US Focus Fund LONG
Buy US mega-cap tech for ten years.
Park argues Korean stocks often behave like cyclical first-tier subcontractors and are not ideal 10-year holds. In contrast, US mega-cap technology such as Apple, Microsoft, Meta, and Amazon can be bought now and held for 10 years because of durable global competitive positions.
AAPL LONG
MSFT LONG
META LONG
AMZN LONG
Hold TSMC as ten-year compounder.
Park says that while many Korean stocks are too cyclical for 10-year holding, companies with monopolistic competitiveness such as TSMC can be held for 10 years despite volatility. He advises checking whether a holding has that kind of durable competitive quality before setting a long-term strategy.
TSM LONG
Watch Korean robotics for third-wave entry.
The article's interviewees see robotics and physical AI as a potential tenbagger industry whose total market can eventually exceed semiconductors, with Korea holding manufacturing data advantages. Park personally says he avoids first-wave speculation and prefers to wait for the second-wave adjustment to finish, then buy the robotics value chain on third-wave momentum using CANSLIM, making this a watchlist theme rather than an immediate buy.
Korean robotics/physical AI sector WATCH
Buy AI infrastructure software leaders.
Park relays the Samsung Active manager's view that the AI-led rally is not over, but leadership may broaden from hardware to software. Infrastructure software such as Palantir and Snowflake is seen as an under-owned 'empty house' because the market fears AI substitution, yet their Q2 results showed AI-driven growth as enterprises adopt AI. The manager's ETF has Palantir and Snowflake as its top two holdings.
PLTR LONG
SNOW LONG
Buy Samsung/SK Hynix memory supercycle.
Nomura expects memory supply shortages to last until 2028 because AI demand is overwhelming supply. Long-term contracts with premiums of up to 20% and strong penalty clauses give Samsung Electronics, SK Hynix, and Micron unprecedented earnings visibility. The firm sees Samsung and SK Hynix as seriously cheap, with targets of 670,000 won and 4.7 million won respectively; won strength is a near-term risk but rising memory ASPs should offset it.
005930.KS LONG
000660.KS LONG
MU LONG
Korean department stores benefit from premium tourism.
Park reviews a column arguing foreign tourist spending is shifting from duty-free cosmetics purchases to premium and luxury spending at department stores. Shinsegae, Lotte, and Hyundai Department Store posted strong second-quarter results with sharply higher foreign sales, resembling the Japan department store re-rating, though won strength is flagged as a later risk.
004170.KS LONG
023530.KS LONG
069960.KS LONG
HIGH
03:05
Sep 04
Sep 04
005935.KS 1ST
005930.KS
000660.KS
SNDK
285A.T
▾
HIGH
Samsung cheap, yields 8-11%, huge buyback.
Samsung Electronics has reset to pre-AI-cycle valuations at 1.7x forward PBR and 4.3x PER while industry prospects have not materially deteriorated. The company disclosed KRW 90-110tr of 2026 shareholder return, with about KRW 30tr cash dividends in Q3 and buyback expansion expected at the January 2027 board. At KRW 250,000 the ordinary shares yield up to 8.3% and preferred shares 11%, and UBS's 2027 operating-profit estimate of KRW 83tr implies free cash flow of about KRW 56tr after M&A, enough at a 50% payout to spend about KRW 28tr on shareholder return, roughly 20% of market cap.
005935.KS LONG
005930.KS LONG
HBM/DRAM tight; ASP rising through 2028.
DRAM supply is expected to remain tight through 2028, with HBM-led pricing driving DRAM ASP up 15% in Q3, 5% in Q4 and 22% next year; more than half of revenue is LTA-linked, reducing earnings volatility. China on-site checks show AI infrastructure demand surging and shifting from government subsidies to real CSP/model demand, and recent big-tech capex chatter says 60-70% of next-year capex will go to memory. China's HBM self-sufficiency is lower than expected and HBM capex intensity is near 4x, so China-driven DRAM oversupply is likely limited.
000660.KS LONG
Chinese memory threat pressures NAND names.
A strategic memory-price risk is building because US big-tech leaders want cheaper memory: Apple's Tim Cook wants Chinese semiconductors and Musk wants memory costs down, similar to how CATL broke battery pricing. The US is likely to tolerate Chinese memory expansion until prices fall; CXMT and YMTC are state-backed and may be the memory equivalent of CATL. YMTC is already number three in NAND, which explains why SanDisk and Kioxia have dropped and means NAND-exposed names need to be monitored/avoided until the US later restricts Chinese chips.
SNDK WATCH
285A.T WATCH
HIGH
00:53
Sep 04
Sep 04
Sanjeonja 1ST
BTC
LULU 1ST
005930.KS 1ST
000660.KS
▾
HIGH
Bullish Sanjeonja on MLCC and separator.
Chinese MLCC maker Sanjeonja is benefiting from AI MLCC demand, ASP increases, supply tightness, and China domestic substitution. Q2 results beat consensus by 12-15%, gross margin expanded to 44.9%, operating margin to 30.5%, and its separator/SFC business could add significant value; the manager estimates the separator business alone could be worth about 32 trillion won and a 1.2x PBR gives a target near 138 with about 28% upside.
Sanjeonja LONG
Bitcoin breaks 50-day MA; stay long.
Bitcoin cleared the 50-day moving average near 81,300 dollars and broke above resistance, triggering short liquidation. Favorable catalysts include Trump's war-end comments, yen appreciation reducing yen-carry unwind risk, Waller's dovish comments lowering rate-hike expectations, robust technical momentum, and spot ETF inflows.
BTC LONG
Lululemon demand and guidance deteriorating.
Lululemon's Q2 revenue fell 4% YoY and missed consensus, same-store sales dropped 9%, and the Americas fell 8%. Visitor traffic declined across stores and online, core leggings and accessories weakened sharply, and elevated inventory will force markdowns. Q3 guidance was far below consensus with revenue down 10-11% and EPS of 0.93-0.98 versus 2.41 expected, so the deteriorating demand and margin quality make the stock unattractive.
LULU AVOID
Samsung Electronics valuation cheap, fundamentals intact.
Samsung Electronics' valuation has returned to pre-AI levels with 12-month forward PBR of 1.7x and PER of 4.3x, yet DRAM supply is expected to stay tight through 2028, HBM-driven DRAM ASP is forecast to rise 15%, 5%, and 22% in 3Q, 4Q, and 1Q26, and China AI infrastructure demand is strong. Shareholder returns are supportive: at 25,000 won the common dividend yield is about 8.3% and the preferred yield about 11%. The call is to stay centered rather than panic.
005930.KS LONG
Prefer Samsung over SK Hynix now.
Park argues that if consensus for 2027 semiconductor earnings of roughly 530-550 trillion won is intact, the current fear in Samsung Electronics and SK Hynix is overdone. As fear increases and prices fall, investors should buy into Samsung Electronics and SK Hynix on weakness because the stocks have become attractively priced and upcoming earnings should reduce the fear.
000660.KS WATCH
Avoid Hyundai Rotem; prefer Hanwha/LIG.
Within Korean defense/aerospace, Hanwha Aerospace and LIG Nex1 still have gradually improving earnings and margins and remain in box ranges, but Hyundai Rotem lacks that improvement and has broken down through its box range, making it unattractive relative to Hanwha and LIG.
064350.KS AVOID
012450.KS WATCH
079550.KS WATCH
HIGH
10:00
Sep 03
Sep 03
SPY
TLT
▾
HIGH
Weak jobs push yields down, stocks up.
Park argues that US employment is already soft, and because consumption is about 70% of the US economy, weaker jobs will slow consumption and GDP growth, which will bring real yields down and push interest rates lower next year; that expected decline in yields should let the equity market rise even if 10-year Treasury yields trade in a 3.8%-4.5%/5% range.
SPY LONG
Rising yields create long-term bond opportunity.
He says the current rise in bond yields is not a disorderly bond dumping but is creating a rare long-term fixed-income opportunity: the MOVE index remains below its long-term average, the speed of rate increases and drawdowns are far milder than in 2022, and fixed-income managers such as PIMCO's global bond CIO and Steven Miller see current yields as attractive for long-term bond and fixed-income investors.
TLT LONG
HIGH
08:27
Sep 03
Sep 03
China EV ETF
Korean secondary battery stocks
Korean high-dividend stocks
Korean preferred stocks
QQQ
▾
HIGH
Broad China EV ETF faced structural consolidation.
New technology booms such as China's EV build-out typically produce a first wave, overinvestment across hundreds of companies, then a brutal second-wave consolidation triggered by high rates. A broad China EV ETF owns many pre-shakeout names that fail or lose market share, while the eventual winners such as BYD capture the market afterward, so the broad ETF itself tends to underperform during the consolidation.
China EV ETF AVOID
Korean secondary batteries are turning up.
He sees Korean secondary battery stocks starting a turnaround after a long drawdown from their 2021-2022 highs. He expects a grinding recovery at least through the second half of next year, so existing holders can wait rather than sell at losses.
Korean secondary battery stocks LONG
Korean high-dividend stocks look seasonally attractive.
Korean high-dividend stocks are entering a favorable seasonal period. KOSPI manufacturing earnings and free cash flow have surged, the government's new separate dividend taxation incentivizes companies to raise payout ratios, and the market is looking for names with 6%+ dividend yields and room for dividend growth.
Korean high-dividend stocks LONG
Korean preferred shares are undervalued dividend plays.
Korean preferred stocks are another dividend-related route: they trade at about a 45% average discount to common shares, and Samsung Electronics is expected to decide buybacks in January, with history showing that increased preferred-share buybacks can narrow the common/preferred discount.
Korean preferred stocks LONG
Buy QQQ/SPY long term; average down.
He supports dollar-cost averaging into U.S. index ETFs such as QQQ or S&P 500 for a child's long-term account. Because it is an index, he says drawdowns of 20-30% are opportunities to aggressively average down with cash, since the index eventually recovers; he cautions against applying the same averaging-down logic to individual stocks.
QQQ LONG
K-pop stocks are mispriced opportunity.
K-pop demand is still strong despite negative sentiment and halved stock prices. BTS tour sellouts, Stray Kids' nine Billboard 200 No.1 albums, and the behavioral 'reminiscence bump' that locks in youthful music tastes suggest current demand continues; the perceived crisis is not reality, creating investment opportunity in representative entertainment stocks.
035900.KQ LONG
122870.KQ LONG
041510.KQ LONG
352820.KS LONG
Long-term bonds are an opportunity now.
The rise in U.S. Treasury yields is gradual and driven more by strong nominal growth and normalization than by inflation panic. Bond market volatility is below stress levels, and fixed-income managers quoted in the article argue this is one of the best long-term bond opportunities in a decade; fixed income investors should not panic but consider duration at these yields.
TLT LONG
Expect U.S. stocks rally as rates fall.
September is seasonally weak for the S&P 500, with average returns negative since 1928 and even weaker in midterm-election years. Buyback blackouts begin around September 12, personal investor buying is weak, and systematic flow asymmetry is negative. This creates a tactical pullback or consolidation setup, though heavy defensive positioning may limit downside.
SPY LONG
HIGH
02:04
Sep 03
Sep 03
Korean MLCC and substrate sector
001820.KS
US Treasury yields
SPY
SMH FLIP
▾
HIGH
Korean MLCC/substrate sector is leading.
MLCC, substrates, and sockets have become a leading Korean materials/components sector. Tier-1 MLCC makers are reallocating capacity toward AI server high-value MLCC and raising prices, which reduces commodity supply and creates share and pricing opportunities for tier-2 players; AI MLCC demand is stronger than expected.
Korean MLCC and substrate sector LONG
MLCC price hikes boost Samwha Capacitor.
Samwha Capacitor recovered double-digit operating margin in Q2 on utilization gains alone, with MLCC ASP not yet rising. As MLCC price increases from Q3 and high-margin film-capacitor demand from data centers and semiconductor power infrastructure flow through, earnings should accelerate; the analyst sees 2027 revenue around 400bn won and operating profit around 60bn won, with 2028 top line potentially 600bn won and past-cycle 20–30% operating margins possible against a 1.1trn market cap, though Q4 earnings are seasonally weak.
001820.KS LONG
Weak jobs data lowers yields, lifts equities.
Park expects US employment to remain soft enough to lift unemployment toward 4.2%, and argues the oil-driven rise in interest rates will reverse as labor data weaken. Equities, which sold off on the oil/rate scare, should rebound once the employment data confirms the slowdown, and this pattern may persist.
US Treasury yields SHORT
SPY LONG
Semiconductor index needs more correction time.
The Philadelphia Semiconductor Index is described as the most vulnerable major chart: it is below its 5-week moving average, the monthly rebound failed and closed below the 5-month moving average, and the speaker believes the semiconductor sector needs more time correction through this month after prior excess gains and heavy exposure to Nvidia, Broadcom, and memory names.
SMH AVOID
Pullbacks offer entry before bull market.
Quantitatively, buying a stock about one month after a 52-week high has produced higher returns than chasing immediately; the recent sharp two-to-three day drops in last month's leaders such as cosmetics and secondary batteries look like a cup-with-handle shakeout before fresh upside. The speaker sees September as a seed-sowing window before a 7–10 month bull market, and would combine the pullback with fundamental selection.
EWY LONG
AI sockets drive Simmtech's margin inflection.
Simmtech's new AI socket/module substrate business is ramping sharply: socket revenue is expected to rise from 25bn won in Q2 to about 75.7bn won in Q4 and an annualized 340bn won next year on Nvidia Rubin adoption and strong demand from the top three memory customers. Socket's revenue share rising from 4.8% to 12.7% is driving a mix-driven margin inflection, and the analyst argues valuation near 11.6x 2027 earnings is attractive, with limited equity-raise risk because customer investment support is likely, though much of the ramp may already be reflected by Q4.
222800.KQ LONG
HIGH
00:37
Sep 03
Sep 03
HPE 1ST
BTC
China defense stocks
IGV 1ST
DJI 1ST
▾
HIGH
AI server orders boost earnings and valuation.
HPE posted strong cloud/AI and networking results with guidance above consensus and record AI orders of $3.1 billion plus backlog of $7.6 billion. Enterprise AI demand is moving from pilot to production, and the company is showing strong operating leverage: revenue grew about 34% while operating profit rose about 155%, lifting operating margin from 8.5% to 16.2%. The stock trades near 12.9x earnings, which the analyst sees as reasonable and potentially closer to mid-teens, keeping the AI server cycle intact.
HPE LONG
Sideways until decisive break above 83k.
Bitcoin is stuck in a sideways range after being rejected at resistance; the key level is 83,000, and unless it breaks out strongly above that, the analyst expects continued sideways/range trading. The 50-day moving average is overhead resistance, but the supply cloud is shrinking. Once the market enters and absorbs that overhead inventory, a more tradeable move may develop. Spot ETF flows have begun to show some outflows, supporting near-term range caution.
BTC WATCH
Theme stocks with weak fundamentals to avoid.
China's listed defense sector is mostly theme-driven rather than fundamental because important defense businesses are unlisted, export ratios are low, most revenue is domestic, and margins are low. The analyst says the sector's stocks move up and down on theme, not operational quality, so the sector should be viewed negatively.
China defense stocks AVOID
High valuations make software and cyber vulnerable.
Software and cybersecurity stocks sold off even when earnings were solid because high valuations and growth quality are a burden. Palo Alto, Palantir and CrowdStrike fell sharply, while the software ETF dropped 2.6%. The speaker highlights that high valuation and rotation toward AI hardware make software/cybersecurity vulnerable near term.
IGV AVOID
Weak ADP supports lower rates, Dow up.
US 10-year yields stopped rising after weak ADP employment and a more dovish New York Fed tone, reducing rate fear. The Dow bounced from its 60-day average and the speaker expects another positive close today.
DJI LONG
Bounces from 60-day average, room higher.
Nasdaq is expected to rise because the rate and oil pressure was not severe enough to stop a rebound. It started rebounding from its 60-day line and still has room to the 5-day moving average, so the analyst expects a positive close.
NASDAQ Composite LONG
Buy quality AI semiconductor leader on dips.
Broadcom delivered revenue, EPS and AI semiconductor revenue above consensus, with AI semiconductor revenue up 221% year over year. Management issued FY2027/FY2028 AI revenue targets roughly doubling annually and said the guidance is conservative. Even though a rising mix of lower-margin semiconductor revenue slightly dilutes margins, EPS should be revised upward and the valuation has compressed to about 20x forward earnings. The speaker views Broadcom as a quality compounder and would use weakness, especially during September rate and volatility dips, as a buying opportunity.
AVGO LONG
AI socket ramp lifts margins and earnings.
Simmtech is benefiting from the AI memory module and socket ramp and is investing 270bn won to expand AI socket/module substrate and MSAP capacity. Socket revenue is forecast to jump from 25bn won in Q2 to 80bn won by Q4 as NVIDIA's Rubin platform starts adoption. Socket margins are well above the company's base business, so the mix shift should sharply lift overall operating margin. The analyst says customer-driven demand and support/prepayments reduce the risk of a rights offering, and the stock trades at an attractive 11.6x FY2027 EPS.
222800.KQ LONG
MLCC upcycle turns earnings sharply upward.
Samwha Capacitor, a tier-2 MLCC maker, is entering an MLCC upcycle with tier-1 price hikes starting to flow through. Second-quarter operating margin recovered to double digits for the first time in eight quarters, and that was before price increases. From Q3, price hikes by tier-1 names like Samsung Electro-Mechanics should lift tier-2 volume and pricing. Its film capacitor business for data-center and transformer power electronics carries higher margins and is entering a new order cycle. The analyst models 2027 revenue/operating profit of about 400bn/60bn won and sees potential for 2028 operating profit of 120–200bn won if MLCC margins normalize, making the current 1.1trn market cap attractive relative to Samsung Electro-Mechanics' 30–50x multiple.
001820.KS LONG
MLCC price hikes boost third-quarter earnings.
Samsung Electro-Mechanics' MLCC component segment improved operating margin from 11% to 17% in Q2 based only on utilization, before reflecting price hikes. With tier-1 MLCC pricing increases starting in August, the price effect should begin to appear from Q3, supporting further earnings improvement. AI server high-capacitance MLCC demand is driving tier-1 capacity conversion and favorable pricing.
009150.KS LONG
Monopoly biotech trades below 30x forward.
Alteogen signed a 4.4trn-won deal that represents roughly 30% of prior SC-type hyaluronidase injection deal volume, but the stock barely rallied in weak market sentiment. As Korea's largest biotech by market cap with a monopoly on its platform, it trades below 30x forward earnings on 2026–2027 estimates and should perform well when KOSDAQ sentiment improves.
196170.KQ LONG
New blockchain fees add early revenue momentum.
Robinhood's blockchain/L2 chain has shown strong early traction: TVL is near $780m and rising, memecoin trading is driving chain fees, and current daily fees around $3m imply roughly $100m annualized added revenue. The core brokerage is already strong, and the new chain adds optionality. This is encouraging even though it is early and not yet a large contributor to revenue.
HOOD LONG
AI electricity demand lifts nuclear and power.
AI-driven electricity demand is lifting US nuclear and power producers: Constellation Energy, Vistra, and GE Vernova rose on AI power demand and grid/power-infrastructure themes. The analyst highlights the same AI electricity-demand narrative supporting power-related stocks and expects a positive readthrough.
CEG LONG
VST LONG
GEV LONG
High oil and rates create near-term pressure.
S&P 500 is expected to close lower because oil remains at a high level and Treasury yields, though off their highs, are still high enough to be a burden in a mixed market.
SPY SHORT
Oversold at 120-day average, bounce possible.
Philadelphia Semiconductor stocks are oversold and many names are 20–30% below highs. If yields and oil do not push higher, there is reason for a bounce from the 120-day moving average, so the analyst expects an up day.
SOXX LONG
HIGH
10:00
Sep 02
Sep 02
SPY
012330.KS
Samsung Electronics/SK Hynix 2x leveraged ETFs
IWF
▾
HIGH
US stocks rebound on midterm tariff rollback.
Park Se-ik expects the Trump administration to suffer a major midterm loss and likely lose the House to Democrats. That would put the brakes on Trump's tariff and alliance-damaging policies, and the removal or rollback of those tariff policies could trigger a sharp rebound in the US stock market.
SPY LONG
Watch Hyundai Mobis robot margin uncertainty.
Hyundai Mobis is expected to begin generating robot parts revenue from 2027 and is positioned as a hardware supplier in Hyundai's robotics business, including full supply of Atlas actuators to Boston Dynamics. Park Se-ik sees the supply win as positive but questions how much margin Hyundai Mobis can retain because Chairman Chung Eui-sun has a large stake in Boston Dynamics. He wants to verify the margin profile before judging the investment case.
012330.KS WATCH
Avoid Samsung/SK Hynix 2x leveraged ETFs.
Park Se-ik warns that the newly listed 2x leveraged single-stock products tied to Samsung Electronics and SK Hynix have blown up in both directions. He says investors who rushed to register as professional investors to buy these double-leveraged products were hurt whether the underlying stocks rose or fell, and he argues the product design and regulatory approval were flawed. He views avoiding these leveraged ETFs as the better outcome.
Samsung Electronics/SK Hynix 2x leveraged ETFs AVOID
Buy growth stocks early, exit euphoria.
Park Se-ik argues investors should invest in growth stocks, but growth investing is played like a timing game. Growth stocks move first on narrative, and by the time hard numbers, analyst estimate upgrades, and latecomer media confidence appear, the move is already in its late overshooting phase. Therefore the strategy is to enter growth stocks early, while few are positioned, and exit before the euphoric blow-off ends.
IWF LONG
HIGH
08:35
Sep 02
Sep 02
IWF 1ST
012330.KS
Korean preferred stocks
007660.KS 1ST
010140.KS
▾
HIGH
Buy growth themes early, sell late
Park argues stocks should be traded as growth-theme timing: stock investing is growth-stock investing, but narratives move first and reported numbers arrive late. Buy early when a new theme emerges and few have stepped up, then sell into late-stage overshoot when analysts revise earnings and targets upward and confident media coverage emerges.
IWF LONG
Watch Hyundai Mobis robotics margin
Hyundai Mobis is seen as the fastest Hyundai group affiliate to monetize physical AI/robotics demand; it supplies all Atlas actuators, with estimated unit revenue of roughly 3.5 million to 5 million won per robot and up to 1.4 trillion won at 30,000 units. Park notes the revenue story is positive but says the key unresolved question is how much margin Mobis can retain given the Boston Dynamics ownership structure, making it a watch item.
012330.KS WATCH
Buy quality Korean preferred shares discounted
Park says Korean preferred shares have no effective voting rights and often no or very low guaranteed dividends, so they trade at extreme discounts to common shares. As shareholder return policies improve, there is no reason for quality preferred shares to stay this undervalued; he thinks high-quality company preferred stocks are worth buying when the discount to common is wide.
Korean preferred stocks LONG
Buy high-ROA/ROE improvers during high rates
In a high-interest-rate environment, Park and the analyst note that investors should focus on companies that raise ROE through higher ROA and controlled financial leverage rather than aggressive balance-sheet expansion. He names Samsung Electro-Mechanics, LS Electric, Hyosung Heavy Industries, Isu Petasys, Jusung Engineering, Kia, NAVER, Samsung Heavy Industries, LIG Nex1, Hyundai Glovis, Hanwha Systems, LG CNS, Yuhan, Korea Kolmar and Wonik QnC as key ROA/ROE improvement beneficiaries across electrical equipment, defense, IT hardware, cosmetics and pharma/bio.
007660.KS LONG
010140.KS LONG
LG CNS LONG
161890.KS LONG
035420.KS LONG
000270.KS LONG
036930.KQ LONG
079550.KS LONG
086280.KS LONG
272210.KS LONG
298040.KS LONG
000100.KS LONG
010120.KS LONG
074600.KQ LONG
009150.KS LONG
Avoid leveraged Samsung/SK Hynix products
Park warns that newly listed 2x leveraged long and inverse products tied to Samsung Electronics and SK Hynix have hurt clients in both directions, calling them flawed product designs from the approval stage. He sees them as dangerous for retail investors and effectively advises avoiding these leveraged products.
Samsung Electronics 2x leveraged products AVOID
SK Hynix 2x leveraged products AVOID
Midterm backlash may lift US equities
Park expects Trump and Republicans to suffer heavy midterm losses, with the House likely flipping to Democrats. That would brake Trump's tariff and alliance-breaking policies, and he thinks the stock market could rebound sharply when that political check appears.
SPY LONG
Enter Korean equities before FMC/BOJ
Park expects the Korean market to shake around the FMC and BOJ policy meetings on September 16-18, but says from mid-September through about next July a very large rally should unfold. He advises entering performance-type wrap accounts at major brokerages this week or next week rather than waiting for target-conversion wrap products.
EWY LONG
HIGH
02:17
Sep 02
Sep 02
HPQ 1ST
LENOVO 1ST
NVDA 1ST
Cosmax 1ST
Cosmecca Korea
▾
HIGH
AI server makers have leveraged upside.
AI server demand is strong while memory supply is tight, leaving server and rack makers with large order backlogs. Companies at the tail end of the AI supply chain, including Dell, HP, Supermicro, and Lenovo, have bullwhip-effect leverage to the AI capex cycle, so their earnings and stock volatility are amplified. As long as the AI industry trend is not damaged, their uptrend should continue, though supply-chain changes are a key risk.
HPQ LONG
SMCI LONG
DELL LONG
AI server makers have leveraged upside.
Lenovo's infrastructure division margin has expanded from 10% to 15% and could reach 20%, driven by rising on-premise AI server orders from midsized and subsidiary enterprises rather than only large cloud customers. These smaller customers pay higher prices to OEMs like Dell and Lenovo, and geopolitical concerns over Lenovo being a pure China company are overblown. Its order backdrop is strengthening, confirming AI infrastructure demand is broadening.
LENOVO LONG
Nvidia data center demand is broadening.
Nvidia's data center revenue is roughly half hyperscalers and half neocloud, enterprise, and sovereign customers, so AI infrastructure demand is not solely dependent on big tech capex. This customer diversification supports the AI infrastructure buildout and widens the investable demand base beyond the largest cloud companies.
NVDA LONG
Avoid chasing Cosmax/Cosmecca at peak valuations.
Korean cosmetics export data is in a steady uptrend, but OEM/ODM names Cosmax and Cosmecca Korea have already re-rated to the top of their historical valuation range at about 18x and 20x. Since analyst estimate revisions are likely to slow until the next earnings confirmation, chasing cosmetics OEM/ODM stocks on strong export data is unattractive near term despite the favorable trend.
Cosmax AVOID
Cosmecca Korea AVOID
Korean LFP cathode makers gaining share.
AI data center demand is spreading to ESS, and U.S. subsidy and trade barriers increasingly favor Korean LFP cathode suppliers over Chinese materials. Korean cell makers are winning orders and must use domestic LFP materials; L&F, POSCO Future M, and EcoPro are early movers. New orders have low China content, and Korean materials should become the majority within two to three years, so LFP material suppliers should see successive order announcements and stock re-rating.
L&F LONG
003670.KS LONG
086520.KQ LONG
Wait for Treasury yields to peak.
The U.S. 10-year Treasury yield at around 4.79% and rising is the biggest macro variable pressuring growth and high-beta assets. Rather than pre-judging that 4.7% is the peak, investors should monitor where yields top; once the 10-year breaks back below 4.6% and then 4.5%, risk assets will be a better rising-knee entry with lower drawdown risk than buying while yields are still climbing.
US10Y WATCH
KOSPI rangebound but stock-picking rotation coming.
Once semiconductor export growth begins to decelerate, likely around December, the Korean market will shift from semiconductor-led index gains to a stock-picking market. KOSPI may stay rangebound, but a broad balloon effect should create an intense individual stock market; investors should use the weak tape to identify names being accumulated and holding up.
EWY WATCH
Korean semiconductor exports support Samsung/SK hynix.
Korean August export data showed record semiconductor shipments, with memory fixed prices still rising and computer and SSD exports surging. This supports Samsung Electronics and SK hynix near term, but the YoY semiconductor export growth rate is likely to decelerate meaningfully around December, which is a critical timing signal for KOSPI semiconductor leadership.
005930.KS LONG
000660.KS LONG
HIGH
22:05
Sep 01
Sep 01
Sany Heavy Industry
BTC
VST 1ST
086790.KS 1ST
192820.KS 1ST
▾
HIGH
Buy Sany on global construction equipment demand.
Wang presents Sany Heavy Industry as a global construction machinery leader with 15% global market share and 30% share in Southeast Asia/Africa. Q2 revenue and margins exceeded consensus, overseas revenue reached about 61% of sales, and the company is expected to show around 25% three-year CAGR. He maintains a buy view and argues the multiple could re-rate further if China property stabilizes, overseas sales keep expanding, and mining capex recovers. Park adds that data center construction equipment demand is also helping the sector.
Sany Heavy Industry LONG
Bitcoin likely bottoming; buy 50-week breakout.
Bitcoin is consolidating below its 50-week moving average after a decline. The gap between the 50-week and 200-week moving averages is narrowing, and a drop to the 200-week level around $64,000 is viewed as unlikely. Jun-hyuk thinks the bottom may already have formed and the next bullish leg should be expected when Bitcoin strongly breaks above the 50-week moving average.
BTC WATCH
AI data center power contracts boost utilities.
Tech hyperscalers are signing large long-term nuclear and geothermal power contracts for AI data centers, turning AI power demand from a forecast into contracted demand. Constellation Energy rose on its AI infrastructure power agreements, NextEra Energy and Vistra also gained, and Fervo Energy surged 28% after signing a 396MW geothermal deal with Google. This supports names supplying clean, utility-scale power to AI data centers.
VST LONG
NEE LONG
CEG LONG
Rising rates favor Korean bank stocks.
Rising interest rates are improving bank earnings expectations, and Korean bank and financial names such as Shinhan Financial Group and Hana Financial Group hit 52-week highs. The domestic flow summary shows bank stocks gaining as rate-sensitive beneficiaries in the current high-rate environment.
086790.KS LONG
055550.KS LONG
Cosmetics valuations stretched; expect consolidation.
Korean cosmetics export data is strong, but OEM/ODM names like Cosmax and Cosmecca Korea have already reached the upper end of their valuation range and estimate revision momentum is fading. He thinks the stocks may consolidate until earnings confirm the raised outlook, so chasing here is unattractive despite good export data.
192820.KS AVOID
241710.KQ AVOID
Buy LFP cathode leaders on ESS bottleneck.
Meritz research argues the 2026-2027 LFP battery bottleneck will come from material supply self-sufficiency, driven by US FEOC and IRA policy and ESS and data center demand. Domestic cell makers are scaling LFP capacity, so Korean cathode suppliers must be used instead of Chinese material. LNF is the top pick because it already supplies LFP material, followed by Pino and Posco Future M, with order momentum expected to continue.
066970.KS LONG
003670.KS LONG
033790.KQ LONG
Geopolitical risk drives oil and energy higher.
The US-Iran conflict escalated with strikes on Iran during market hours, Hormuz tanker attacks, Iranian retaliation threats, and Trump's hard-line response. WTI jumped to $90.8 and Brent to $95.1, pushing energy equities to record highs; XLE hit its highest close since its 1998 listing. Hae-soo frames this as a supply-risk premium that keeps oil and energy stocks supported until the geopolitical tension resolves.
WTI LONG
BNO LONG
XLE LONG
SK Innovation US ESS contract drives strength.
SK Innovation has risen for consecutive sessions after securing a roughly 1.5T won ESS supply contract to the US, showing the AI data center and US grid-scale ESS demand story is translating into direct orders for Korean battery companies. This contract adds specific revenue momentum to the stock.
096770.KS LONG
Buy Hanwha Aerospace on 2030 valuation.
Park uses Hanwha Aerospace as a valuation example: if its 2030 target of 70T won revenue and 10T won operating profit implies a 150T won market cap, then sharp price drops on macro or defense-sector concerns create better entry points rather than reasons to sell. He argues investors should buy more when price falls if the long-term valuation thesis remains intact, despite the stock having had a rights issue.
012450.KS LONG
Lenovo enterprise AI server margins improving.
Wang says Lenovo's infrastructure business margin jumped from 10% to 15% and could go toward 20%, with orders more than doubling quarter-on-quarter. Enterprise customers that cannot rely only on hyperscaler cloud are building their own AI servers for security reasons, and Dell and Lenovo as top server vendors are selling to those customers at higher margins. This broadens AI infrastructure demand beyond big tech.
0992.HK LONG
Dell AI server leverage beats strongly.
Dell reported a strong quarter with revenue of $46.97bn, up 57.7% YoY, AI server revenue of $16.4bn, up 100% YoY, record $60.9bn quarterly orders, $95bn AI server backlog, and EPS of $7.04 versus $4.90 consensus. It guided Q3 revenue to $49bn and FY27 revenue to $192bn, well above consensus. Operating leverage is large because the infrastructure group margin expanded from 8.8% to 15%, and management said enterprise, sovereign, and neocloud AI server demand is broadening beyond hyperscalers. This cross-checks that AI infrastructure demand is genuine.
DELL LONG
HIGH
10:00
Sep 01
Sep 01
MRNA 1ST
EWY
128940.KS
Korean semiconductor materials/equipment sector
006400.KS
▾
HIGH
Falling yields could ignite biotech rally
Biotech momentum is beginning to appear in names such as Moderna in the US and Hanmi Pharm in Korea. Park sees these biotech shares as leveraged to lower Treasury yields: if the 10-year Treasury yield falls, biotech and battery companies that previously struggled under financing costs could gain explosive upside.
MRNA LONG
128940.KS LONG
September correction likely smaller, buy Korean stocks
Because the Korean market already suffered major corrections earlier this year, including the March war-related volatility and the July semiconductor selloff, Park argues September's historically weak seasonal correction should be less severe than usual. He frames September-October as the final difficult stretch before a strong market from next May-July and advises investors to use the period to accumulate positions for that expected upswing.
EWY LONG
Semiconductor materials/equipment to benefit from capex
If Samsung Electronics, SK hynix, and Chinese memory makers use their recent profits to begin aggressive investment, Korean semiconductor materials, components, and equipment companies should benefit. Park suggests checking whether these companies are actually increasing hiring as a confirming signal that investment and future revenue growth are real.
Korean semiconductor materials/equipment sector LONG
Korean battery makers gain from China exclusions
US policy is moving to exclude Chinese batteries from the US market, while Japan is left with essentially only Panasonic. That leaves Korean battery makers well positioned to win US ESS and battery orders. Samsung SDI and the broader Korean battery sector are already among the fastest-rebounding groups after the July crash, and if Treasury yields decline further, the sector could see explosive upside.
006400.KS LONG
KARS LONG
HIGH
06:56
Sep 01
Sep 01
EWY
006400.KS
KARS 1ST
128940.KS
MRNA
▾
HIGH
September correction limited; KOSPI long-term opportunity
Korean equities have already absorbed meaningful shocks in March and July, so the historically weak September adjustment is likely to be shallower than usual. Park sees September-October as the last difficult stretch before a strong market into May-July next year and a bountiful 2027, making September an opportunity to build positions.
EWY LONG
Korean battery makers benefit from US restrictions
US restrictions on Chinese batteries are pushing ESS buyers toward non-Chinese suppliers, leaving essentially Korea and Japan as alternatives. The SK On NeoVolta order is early visible evidence that Korean battery makers will keep winning US ESS orders. Battery stocks such as Samsung SDI were among the fastest to rebound after the July selloff, and if interest rates fall the capital-intensive battery sector could rally explosively.
006400.KS LONG
KARS LONG
Falling Treasury yields may fuel biotech rally
US and Korean biotech names are beginning to stir, and biotech is viewed as a rate-sensitive area that has been constrained by funding costs. If the 10-year Treasury yield falls, Park expects biotech and battery stocks that previously could not rally to gain strong upside momentum.
128940.KS WATCH
MRNA WATCH
Korean biotech sector WATCH
Watch Korean exporters if won breaks 1300
The won has already strengthened from much weaker levels, and if USD/KRW breaks below 1,300 more decisively, Korean export companies will face translation headwinds on revenue and operating profit. Park says investors should then become more cautious about export stocks.
Korean exporters WATCH
Big Tech AI investment gains may reverse
Big Tech earnings are being flattered by unrealized mark-to-market gains on AI investments at Alphabet, Amazon, Microsoft, and Nvidia, which boosts reported profit without cash generation. If AI company valuations decline, those gains could reverse into valuation losses and drag Big Tech earnings, so Park flags caution around 2028-2029.
GOOGL WATCH
AMZN WATCH
MSFT WATCH
NVDA WATCH
Samsung Hynix investment drives semiconductor equipment demand
Samsung Electronics and SK hynix are aggressively expanding HBM and advanced DRAM investment, and global equipment makers ASML, Lam Research, Applied Materials, and Tokyo Electron are hiring engineers and building facilities in Korea to support installation, maintenance, and process optimization. This real-world hiring and investment is a confirmation that semiconductor materials, parts, and equipment demand will improve.
LRCX LONG
ASML LONG
8035.T LONG
Korean semiconductor materials/parts/equipment LONG
AMAT LONG
Samsung Electro-Mechanics benefits from component price hikes
AI and data center demand is causing tight supply and aggressive price hikes for Samsung Electro-Mechanics' MLCC and FCBGA products. Pricing power has shifted to suppliers, and server-grade FCBGA is expected to rise from over 60% of FCBGA sales this year to near 70% next year, driving profitability. DB Securities raised its target to KRW 200,000 and expects strong third-quarter earnings.
009150.KS LONG
HIGH
01:50
Sep 01
Sep 01
Korean semiconductor materials, parts, equipment small/mid caps
030200.KQ 1ST
042700.KS
Gigavis 1ST
036930.KQ
▾
HIGH
Korean semiconductor materials parts equipment cheap
Many small- and mid-cap Korean semiconductor materials, parts, and equipment names are absurdly cheap; there are too many undervalued names in this space.
Korean semiconductor materials, parts, equipment small/mid caps LONG
Only leading-edge semiconductor equipment leaders are investable
Within the huge semiconductor materials, parts, and equipment universe, investors only need to focus on leading-edge advanced-node names. In equipment, the leading names are EO Technics, HPSP, Jusung Engineering, Hanmi Semiconductor, and GigaVis; these advanced-node specialists have the best performance, while non-advanced names have weak stock-price performance and are not worth limited research time.
030200.KQ LONG
042700.KS LONG
Gigavis LONG
036930.KQ LONG
403870.KQ LONG
KOSPI, S&P 500 rally through next year
The 2006-2007 pattern suggests a sharp summer correction will shake out impatient investors, but rates will plateau and earnings will recover; Korean and US equity markets should continue a very strong rally through next year.
SPY LONG
EWY LONG
HIGH
00:31
Sep 01
Sep 01
CXMT
BTC
WTI
006800.KS
222800.KQ
▾
HIGH
CXMT will grow despite short-term capex margin hits.
CXMT's Q2 earnings significantly beat expectations with high margins, and while Q3/Q4 profitability might drop slightly due to capex for new fab additions, its long-term capacity expansion and growth will continue as it is the only Chinese company covering domestic HBM and DRAM demand amidst US sanctions.
CXMT WATCH
Bitcoin bottom expected between October and February.
Bitcoin is facing resistance at the 50-week moving average around $80k, but breaking through it would confirm a bull market; long-term cycle patterns suggest a definitive bottom will form around October or January/February next year.
BTC WATCH
Oil upside is limited despite geopolitical tensions.
Despite geopolitical tensions between the US and Iran, oil's upside is limited to the $60-$90 range because Gulf states are bypassing the Strait of Hormuz and increasing production, while Iran's economy is struggling with inflation, meaning oil is just 'buying time' until the US midterms.
WTI WATCH
Brokerages will rally with the broader market.
Brokerage stocks like Kiwoom Securities are trading at very low valuations (P/E 4.5x), and if the broader market and semiconductors rebound in October/November, brokerages will rally alongside them, similar to their performance after the market correction last year.
006800.KS LONG
Substrates are the best semiconductor supply-chain play.
Among Korean semiconductor supply chain stocks, substrates are the most attractive investment right now because they have low valuations (PEG ~0.5) and are seeing both price and quantity increases due to strong FC-BGA demand, whereas equipment stocks are too expensive and volatile, and materials lack volume growth.
222800.KQ LONG
195870.KS LONG
353200.KS LONG
356860.KQ LONG
007810.KS LONG
009150.KS LONG
Silver is a leading indicator for KOSPI.
Silver is currently acting as a better leading indicator for the KOSPI than copper, as copper prices have decoupled due to AI data center demand and mine supply issues, while silver's recent correction preceded KOSPI's volatility, making it a useful macro indicator to monitor.
SILVER WATCH
KOSPI will rally strongly after the correction.
The current market correction is similar to the 2006 'China shock' dip, which shook out weak hands before a massive earnings-driven rally in 2007; with corporate earnings continuing to grow, the KOSPI will recover after Chuseok and transition into a massive stock-picking market in 2025.
^KS11 LONG
Semiconductor valuations are attractive for a rebound.
The PHLX Semiconductor Index's P/E valuation has dropped to around 19x, similar to the July crash levels, meaning the valuation burden is no longer high, and with earnings estimates being revised upwards, the sector is poised for a rebound if macro fears subside.
SOXX LONG
HIGH
10:00
Aug 31
Aug 31
KOSDAQ Index
KODEX 200 ETF
Korean cosmetics
Korean equities
Korean secondary batteries
▾
HIGH
Korean index upside exhausted; take profits.
Park presents a buy-the-dip rule: after sharp selloffs such as July 28-29, buying KODEX 200 would have returned about 30 percent and KOSDAQ about 40 percent; he plans to wait for similar drops and enter when a 15 percent return opportunity appears.
KOSDAQ Index AVOID
KODEX 200 ETF AVOID
Korean cosmetics and batteries rally into January.
From October through next January, Park expects an aggressive individual-stock and sector-rotation market; cosmetics and secondary batteries are already moving higher, and many similar sector rallies will follow, so he is shifting to a multi-manager portfolio of 30-50 names to capture it.
Korean cosmetics LONG
Korean secondary batteries LONG
Deploy Korean stocks around Chuseok, conditionally.
For newly funded client portfolios, cash will be deployed gradually and fully around the Chuseok holiday after checking US unemployment and rate-hike expectations as well as US 10-year and 30-year Treasury yields; if German government bond yields keep spiking, he may postpone buying.
Korean equities WATCH
HIGH
08:56
Aug 31
Aug 31
000660.KS
MU
EWY
069500.KS
Korean Food and Beverage Sector
▾
HIGH
HBM suppliers become TSMC-like custom partners
China's CXMT and YMTC are aggressively expanding legacy DRAM and NAND capacity. Their market share is rising quickly and China could reach double-digit DRAM share by 2028-2030. Park warns that commodity memory will likely become a red ocean, creating a long-term structural burden for Samsung Electronics and SK hynix once AI investment growth slows.
000660.KS LONG
005930.KS LONG
HBM suppliers become TSMC-like custom partners
HBM requires co-development with AI chip developers from the start. US AI chipmakers will not use Chinese HBM, so Korean memory makers and Micron are likely to become long-term custom partners in advanced memory, similar to TSMC's role in foundry.
MU LONG
KOSPI extremely cheap versus Taiwan and Japan
Citing Lee Chae-won, KOSPI has been abnormally suppressed for decades. It now trades at a very low 12-month forward P/E compared with Taiwan and Japan at roughly 18-20x, so the speaker sees enormous investment opportunity in Korean equities. He adds that investors should raise equity allocation when KOSPI expected returns are high and rebalance into safe assets after sharp rallies.
EWY LONG
069500.KS LONG
Buy undervalued dividend-paying Korean food stocks
The speaker relays a call to focus on Korean food and beverage names as undervalued, dividend-paying domestic companies with lower risk. With USD/KRW now below 1,400, domestic firms that were hurt by high exchange rates are approaching genuine earnings improvement. He expects funds to eventually rotate into attractively valued, overlooked consumer value stocks.
Korean Food and Beverage Sector LONG
Avoid three-times leveraged semiconductor ETFs
Retail investors bought a 3x leveraged semiconductor ETF as Korean markets fell. Park argues that leveraged ETFs use derivatives and reset daily, so in volatile markets long-term holders tend to lose money while asset managers earn fees. He strongly urges regulators to ban overseas 3x and domestic leveraged products.
SOXL AVOID
HIGH
06:25
Aug 31
Aug 31
EWY
KOSDAQ Index
▾
HIGH
Buy Korean equities at panic lows.
After the July 2026 two-day KOSPI circuit-breaker crash, Park's firm treated Korean equities as a panic sale and deployed 10 billion won of proprietary capital near the bottom. KOSPI has already rebounded about 35% and KOSDAQ about 40% from the bottom, and he argues that buying good assets at bargain prices during a crash is the best timing, not selling into cash.
EWY LONG
KOSDAQ Index LONG
HIGH
02:04
Aug 31
Aug 31
000660.KS
QQQ
US Big Tech
TSLA
TEM
▾
HIGH
SK Hynix earnings cuts require monitoring
SK Hynix consensus earnings have been falling since July because its larger HBM exposure forced 2026 profit estimates to be cut. The report lowered 2027 HBM operating margin from about 80% to about 60%, similar to 2026, and cut the target price from 3.3 million won to 2.4 million won. Customers such as Nvidia are responding to high memory costs by shifting to HBM4 instead of HBM4E and reducing stack count and capacity. The stock can rebound only when earnings estimate cuts stop or next-generation HBM terms become clear, so investors should monitor this rather than blindly trust target prices.
000660.KS WATCH
US indices trend upward via inflation
US government debt can ultimately be resolved through inflation, which erodes real debt burdens. Therefore, regardless of short-term volatility, S&P 500 and Nasdaq QQQ are long-term upward-trending assets. The speaker argues that rate-driven volatility should be accepted and used as an opportunity to buy good stocks cheaper.
QQQ LONG
Buy US big tech when cheap
US big tech companies are the practical generals driving the US economy, maintaining US technological hegemony and dollar hegemony. When these names become cheap, such as Meta falling to around 15x earnings, the speaker says investors should simply buy them without worry. September seasonal weakness and rate-driven selloffs should be used to accumulate them at lower prices.
US Big Tech LONG
META LONG
Accumulate future leaders like Tesla, Tempus AI
The next generation of market leaders includes companies like Tesla and Tempus AI that are building future franchises. Some of these companies are not yet profitable but their stock prices rise with revenue growth. Investors should identify these future leaders and use September seasonal weakness and interest-rate-driven volatility to accumulate them for patient, long-term positions.
TSLA LONG
TEM LONG
Buy Korean indices in panic selloffs
During severe market panics, buying Korean benchmark indices has paid off. The speaker notes that when KOSPI 200 broke 5,500, KOSPI 200 and KOSDAQ subsequently rose about 30%. He proposes deploying into these indices only during true panic selloffs, targeting repeated recoveries of roughly 26%, with the idea that 26% ten times produces 10x.
KOSPI 200 Index LONG
KOSDAQ Index LONG
US indices trend upward via inflation
Equities are volatile and can fall 50%, so investors should use long-term moving averages. When S&P 500 or KOSPI falls decisively below its long-term moving average, investors should increase allocation; when the market becomes overheated, they should trim. This is a rule-based way to handle rate-driven volatility and treat external shocks as buying opportunities for good stocks.
SPY LONG
Buy KOSPI dips for weekly rebound
The Korean market pre-reflected Jackson Hole caution, so a Monday gap-down should be used to buy good stocks. The speaker expects Friday's unemployment rate to tick higher because job quality was weak and the World Cup effect ended, which would reduce rate-hike pressure and support a late-week rebound. He expects the KOSPI to produce a weekly bullish candle after early-week adjustment.
EWY LONG
HIGH
00:37
Aug 31
Aug 31
298040.KS 1ST
SPY FLIP
009150.KS 1ST
2338.HK 1ST
BTC
▾
HIGH
Buy Korean low-PEG earnings leaders.
In a weak index environment, the market's current leaders are found among Korean companies with PEG below 1 and visible earnings growth. Preferred names include Isu Petasys at about 0.8, APR at about 0.8, Cosmax at about 0.9, Hyosung Heavy Industries, and Samsung Electro-Mechanics; they have met or beaten consensus and have relatively higher earnings visibility. This leadership is unlikely to change in the second half, so upside should remain concentrated in these low-PEG earnings leaders.
298040.KS LONG
009150.KS LONG
APR LONG
Isu Petasys LONG
Cosmax LONG
US indices ultimately rise; buy dips.
The US government's enormous debt can ultimately only be inflated away, and the Fed will prefer to do it slowly and quietly. Therefore S&P 500 and Nasdaq/QQQ are ultimately in an upward trend. Rate-driven volatility and seasonal weakness should be treated as chances to add when indices fall below long-term moving averages and to trim when overheated.
SPY LONG
QQQ LONG
AI data center engine demand re-rates Weichai.
Weichai Power dominates medium-speed engines with about 40% China share and RNG engines with over 60% China share. Its AI data center engine guidance is 4,000 units this year and 6,000 next year at 35-40%+ gross margin, while natural gas power engines add about 2,000 units at 40-50% gross margin. If these engine businesses reach roughly 45bn CNY revenue by 2027 at 15% net margin, that alone supports about 27-42tr KRW of market value, covering the current market cap with the rest of the business nearly free. The analyst maintains a Buy and continues to raise estimates on AI data center generator demand.
2338.HK LONG
Bitcoin faces key 50-week moving average test.
Bitcoin is trading below the 82,000 resistance zone and has been rejected precisely at the 50-week moving average around 81,300-81,400, which is also the prior cycle high. The bottom is likely already in, but a sustained uptrend is not confirmed until this level is reclaimed. Sean Farrell of Fundstrat treats the 50-week moving average as the key bull/bear indicator for the second half.
BTC WATCH
Buy US big tech generals when cheap.
US big tech companies are the actual generals that maintain US economic, technological and dollar hegemony. Meta at around 15x forward earnings and similar quality big tech should simply be bought when they get cheap because external shocks or rate pressure create discount opportunities, not a reason to panic.
META LONG
US Big Tech LONG
Accumulate future disruptors Tesla, Tempus AI.
Beyond today's big tech, future market-leading companies are being developed. Tesla and Tempus AI are current examples of companies that do not yet earn profits but are showing revenue growth and can become tomorrow's core leaders. Long-term investors should accumulate them through rate or seasonal volatility rather than trading in and out.
TEM LONG
TSLA LONG
SK hynix HBM margin expectations reset.
SK Hynix target price was cut from 330,000 to 240,000 won because HBM operating margins are expected to normalize around 60% rather than reaching 80% by 2027; Nvidia cannot keep accepting unlimited HBM price increases without hurting server budgets and conventional DRAM, and HBM4 supplier competition reduces the supplier premium. The stock's rebound requires earnings estimate downgrades to stop or HBM contract pricing to be confirmed, making it a key watch item rather than a clean long.
000660.KS WATCH
Simmtech has remaining convertible bond overhang.
Simmtech still has about 35bn won of convertible bonds outstanding from a 50bn won issue with a conversion price around 22,000 won. Convertible bond supply tends to override fundamental stories and is unfriendly to existing shareholders because CB holders gain on upside but are protected on downside. This overhang is an important short-term risk even if the fundamental PEG setup looks cheap.
222800.KQ AVOID
Buy Korean indices during panic crashes.
Korean broad indices such as KOSPI 200 and KOSDAQ have historically rebounded sharply after panic breaks; the recent drop below 5,500 produced roughly 30% rallies in these indices. The speaker plans to deploy only during market panics to capture these rebounds, making KOSPI 200 and KOSDAQ attractive vehicles under a panic-buying strategy.
KOSPI 200 LONG
KOSDAQ LONG
HIGH
07:10
Aug 30
Aug 30
000660.KS
BTC 1ST
005930.KS
ETH 1ST
SPY
▾
HIGH
Semiconductor profits plateau, valuations remain low.
The semiconductor cycle is not likely to peak in operating profit next year; although operating margin may roll over after the extreme swing from 100 trillion to 700 trillion won, the key is whether absolute operating profit plateaus. Current valuations are low, and if Samsung Electronics and SK hynix deliver quarterly shareholder returns as they transition from growth to value, a re-rating should be open next year rather than a 2000-style collapse.
000660.KS LONG
005930.KS LONG
Bitcoin benefits from debt dilution cycle.
Bitcoin is a scarce asset that benefits when the US dilutes debt through inflation; the Treasury buyback signal supports that interpretation. Bitcoin's four-year cycle also enters its up-phase from September-October after the previous decline, and these factors are combining to support a multi-year rise.
BTC LONG
Regulatory clarity may rotate funds to Ethereum/Solana.
Potential US regulatory clarity such as the Clarity legislation would grow the blockchain ecosystem, which could direct funds into Ethereum and Solana as blockchain operators, separate from Bitcoin's scarce-asset trade.
ETH LONG
SOL LONG
September tax liquidity may pressure US equities.
September corporate tax payments pull private liquidity into the US Treasury, and this TGA buildup historically makes equities vulnerable from around September 8-11 into mid-September, especially if a FOMO rally preceded it. He sees this as short-term liquidity volatility rather than a trend reversal because Treasury TGA balances are not low and the cash is likely to be released again, while FOMC-induced long-term yield pressure is the bigger risk.
SPY WATCH
HIGH
04:00
Aug 30
Aug 30
051900.KS 1ST
006400.KS 1ST
278470.KS 1ST
257720.KQ 1ST
090430.KS 1ST
▾
HIGH
Cosmetics brands also joining sector uptrend
Brand-side cosmetics names are also participating: Amorepacific is showing upward strength, LG Household & Health Care is attempting to break its 52-week high after a 6% gain, and Silicone2 is only about 5% from its 52-week high after a strong rise.
051900.KS LONG
257720.KQ LONG
090430.KS LONG
Trade battery leaders Samsung SDI, L&F
In batteries the leader is Samsung SDI, which broke out of its box with volume after the Trump executive order, while LG Energy Solution remains stuck in its box; in materials, L&F is the leader, already rebounding 112%. The speaker says to concentrate on Samsung SDI and L&F on pullbacks, not the laggards.
006400.KS LONG
066970.KS LONG
APR 52-week high, targeting historical high
APR is leading cosmetics strength with a 52-week closing high, supported by consistent foreign and institutional buying; the speaker sees it as targeting the historical high of 473,000 won and says the strong-volume weekly breakout has meaning.
278470.KS LONG
Korean cosmetics ODM leaders breaking out
Cosmetics is the market-leading sector, and within it ODM names are strongest. Hankook Kolmar, Cosmax, and Cosmeca Korea all broke out with historic volume to new or all-time highs, have no overhead weekly/monthly supply, and pull back on shrinking volume before resuming higher.
241710.KQ LONG
161890.KS LONG
192820.KS LONG
Pharma Research steady uptrend intact
Pharma Research continues a steady uptrend: after a large midweek gain and a shallow pullback that held the 5-day line, it rose 6% again, showing it intends to keep climbing.
214450.KQ LONG
Alteogen holds 20-day support
KOSDAQ leader Alteogen reclaimed its 5-day line with aligned 5-, 10-, and 20-day moving averages and keeps defending the 20-day support after a huge run, showing it is not breaking its support line.
196170.KQ LONG
Seegene may shoot through 2022 high
Seegene's weekly chart is pressing against its 2022 high; if it breaks through this supply zone, the speaker says a sharp upward shot is likely. It is up 16% this week and 35% this month, so the setup is worth tracking.
096530.KQ WATCH
Cosmetic container maker Comtec reclaims 5-day
Comtec Korea, which makes cosmetic containers, rose 9% and reclaimed its 5-day line, giving it a supply-chain and chart setup within the strong cosmetics theme.
251970.KQ LONG
KOSPI needs box breakout to rally
KOSPI is stuck in a trading box, closing below the 5-day line with a bearish candle; a trend move higher requires a breakout above the box and clearance of the 60-day resistance that has been capping rebounds.
EWY WATCH
EcoPro BM needs small-box breakout
EcoPro BM is holding above its 5-day line and consolidating in a small box; it needs to break above the top of this box to develop real upside strength.
247540.KQ WATCH
Samsung Electronics needs 60-day clearance
Samsung Electronics broke its 5- and 10-day lines on a bearish candle and remains capped by the heaviest supply zone near the 60-day line; it needs moving-average alignment before it can gain upward power.
005930.KS WATCH
Samsung Electro-Mechanics strongest large-cap tech
Among Korea's big-cap tech names, Samsung Electro-Mechanics is showing the strongest upward attempt: it has aligned its 5-, 10-, 20-, and 120-day moving averages and is only waiting to clear the 60-day line to gain more upside force.
009150.KS LONG
KOSDAQ chart stronger than KOSPI
KOSDAQ is showing better relative strength than KOSPI: it held above its 5-day line all week and is consolidating within a box while moving averages need more time to align for an uptrend.
KOSDAQ LONG
SK hynix chart weaker, needs time
SK hynix has a weaker chart than Samsung Electronics, repeatedly failing at overhead supply and remaining trapped; the speaker sees more time needed to build energy, so it is not yet attractive.
000660.KS AVOID
Bitcoin proxy Woori Technology merits watching
Woori Technology Investment is a bitcoin-related name supported by bitcoin strength; it pulled back for two days on falling volume and then surged as much as 14%, but overhead supply remains, so the speaker says it deserves attention rather than outright chase.
041190.KQ WATCH
Simmtech holds substrate breakout line
Simmtech is the substrate leader: it broke out of a mini box with volume yesterday, and despite an intraday reversal today it held above the breakout line, which keeps the path higher open as long as it does not fall back into the box.
222800.KQ LONG
HPSP semiconductor equipment leader
HPSP is the semiconductor equipment leader: while most Korean equipment names fell, HPSP rose and kept its trend unbroken, gaining about 86% from its low, and the chart is signaling HPSP is the group leader.
403870.KQ LONG
Isu Petasys undervalued substrate name
Isu Petasys is in the strong semiconductor substrate group and is explicitly called undervalued; it has already risen 94% from its low, and the speaker continues to emphasize substrates as the strongest semiconductor materials/equipment area.
007660.KS LONG
HIGH
00:12
Aug 30
Aug 30
005930.KS
NVDA
TLB FLIP
222800.KQ
000660.KS
▾
HIGH
Buy Korean memory on dips
Because Simmtech's SoCAMM module surge reflects rising AI memory demand, Korean memory suppliers such as Samsung Electronics and SK hynix are positioned to benefit. The speaker says good news is already partly priced in, but advises accumulating Korean memory stocks on dips rather than chasing strength.
005930.KS LONG
000660.KS LONG
Sovereign AI expansion makes NVIDIA bullish
NVIDIA's latest earnings show sovereign AI and non-big-tech ACI revenue growing faster than the big-tech segment, reaching $40.3B with 138.5% YoY growth. Sovereign AI orders total about $150B, but only about 7% has been recognized, creating a large, sticky future revenue pipeline. Vera Rubin is positioned as the optimized GPU for sovereign AI, supporting NVIDIA's growth even as US big-tech customers diversify into custom silicon.
NVDA LONG
Simmtech is key SoCAMM PCB supplier
Simmtech is the only supplier that passed qualification with all three global memory makers -- Micron, Samsung Electronics, and SK hynix -- and it is a main vendor for Micron. It supplies the SoCAMM module PCB and package substrate used in NVIDIA's Vera Rubin architecture, where memory demand rises over 400% and PCB demand over 200%. Simmtech is funding 2,742B won of capex internally rather than through a rights offering, unlike TLB, giving it a differentiated and financially stronger exposure to SoCAMM growth.
TLB AVOID
222800.KQ LONG
KOSPI bull market likely started
Foreign investors' spot and futures 60-day moving average is crossing above the 120-day moving average. Historically, when this foreign-flow trend line crossed upward, KOSPI followed in the same direction, while event-driven selloffs such as the 2024 US rate peak, Middle East war, yen carry-trade unwind, Morgan Stanley semiconductor winter report, and impeachment did not reverse the underlying trend. Park Se-ik interprets the current cross as the start of a bull market and also expects a post-US-midterm-election rally, with the firm already shifting toward more aggressive quant strategies.
EWY LONG
HIGH
21:00
Aug 29
Aug 29
COPPER 1ST
GLD 1ST
VLO 1ST
IGV 1ST
PLTR 1ST
▾
HIGH
Dollar weakness supports commodities and materials.
A continued dollar decline is keeping gold, silver and copper prices firm. The materials sector rose 7.1% in August and 17% YTD, so the dollar tailwind remains a support for commodity and materials exposure.
COPPER LONG
GLD LONG
SILVER LONG
XLB LONG
Refiner earnings growth keeps valuations low.
Marathon Petroleum and Valero Energy have already doubled this year but still trade at low trailing P/E multiples because their EPS has shown triple-digit YoY growth for recent quarters and has been repeatedly revised upward as oil prices climbed. Even with strong price gains, their valuations keep falling to around 9.2x for Marathon and 10.4x for Valero.
VLO LONG
MPC LONG
AI software recovering, Palantir leading it.
AI software was weak through June but bottomed around July 23 and is now recovering. Palantir's earnings surprise is the main driver with a 46.2% August gain, while Intuit, ServiceNow, Salesforce, Adobe and Microsoft also rebounded, suggesting money is rotating back into AI software after the earlier selloff.
IGV LONG
PLTR LONG
Nvidia, Marvell earnings key for semiconductor rebound.
The Philadelphia semiconductor index has rebounded about 3.8% in August, but the rebound is unstable with repeated 2-3% daily swings. Nvidia and Marvell earnings are the key catalysts that will determine whether semiconductor momentum can continue.
NVDA WATCH
MRVL WATCH
SMH WATCH
Rally broadening into small-cap and equal weight.
The August rebound is broadening beyond large-cap tech. Russell 2000 is up about 3% in August and 20.7% YTD, trading near highs, while equal-weight S&P 500 is outperforming cap-weighted S&P 500, indicating active small/mid-cap participation and better market breadth.
RSP LONG
IWM LONG
US energy sector has strong oil-linked momentum.
U.S. energy is the strongest sector after semiconductors this year, up 41.2% YTD through August, and it remains highly correlated with WTI. The rally is supported by oil-price strength rather than pure multiple expansion, so the sector continues to offer oil-linked momentum exposure.
XLE LONG
HIGH
11:45
Aug 29
Aug 29
005930.KS 1ST
034020.KS 1ST
KOSDAQ Index
EWY
Korean Kolmar
▾
HIGH
Semiconductor cycle not peak; valuations low
The semiconductor cycle is not at a peak: earnings may plateau, but current valuations are low. Samsung Electronics and SK Hynix are transitioning from growth names into value names, and if shareholder return improvements continue sequentially, re-rating should be considered for next year. This is not a dot-com-style collapse setup.
005930.KS LONG
000660.KS LONG
Nuclear leaders show strong two-day momentum
Nuclear power names showed unusual continuity: KEPCO Engineering & Construction rose 20% and then another 13%, while Doosan Enerbility rose 10% and then another 6.3%. In a fast rotational market, consecutive strength is rare and indicates real leadership, with KEPCO Engineering & Construction acting as the stronger sector leader.
034020.KS LONG
KEPCO E&C LONG
KOSPI, KOSDAQ need box breakouts
KOSPI is trapped in a small box below the 31 July breakout candle and the 60-day moving average, while KOSDAQ is also ranging inside a small box above its 5-week moving average. For a trend move to the upside, these boxes must be broken; otherwise the indices are still digesting supply and likely to remain rangebound.
KOSDAQ Index WATCH
EWY WATCH
Korean cosmetics ODM leaders break out
Korean cosmetics ODM leaders Korean Kolmar, Cosmax, and Cosmecca Korea held up during the July market decline and then broke out to 52-week or historical highs on heavy volume in August. The market is shifting money from lagging large-cap semis into K-beauty, especially ODM names rather than brand names, and the strong-volume highs make the breakout more reliable.
Korean Kolmar LONG
Cosmecca Korea LONG
Cosmax LONG
Substrate leaders stay strong; chase momentum
Simmtech is a key beneficiary of Nvidia's Vera Rubin SoCAMM/SOCAMM 2 module buildout because it supplies the module PCB and LPDDR package substrate. It is the only Korean substrate maker qualified by all three global memory majors (Micron, Samsung Electronics, SK Hynix), has a turnkey capability, and is funding capacity expansion with internal reserves rather than a rights issue like TLB. Vera Rubin also sharply increases memory and PCB content, supporting a positive scenario toward prior highs.
222800.KQ LONG
Substrate leaders stay strong; chase momentum
Substrate and memory-PCB stocks have been repeatedly stronger than the market: they hold relatively well when the market falls and widen gains when the market rebounds. Simmtech is the clear leader, with TLB and Isu Petasys also showing strength, supported by AI server expansion and Nvidia-related pass-through demand. The price action itself is the market's most direct signal.
Isu Petasys LONG
TLB LONG
Crypto four-year cycle upturn has begun
Treasury buyback signals debt dilution through inflation, which historically drives money into scarce assets. Crypto also has a four-year cycle turning upward from September-October for a two-to-three-year run, while regulatory clarity bills support the blockchain ecosystem. Bitcoin may lead, and Ethereum or Solana can catch rotation.
ETH LONG
BTC LONG
SOL LONG
Korea momentum, US mean reversion framework
Bollinger Band breakout counts show Korea behaves as a momentum market: upper-band breakouts above 25-30 are followed by further gains, while quiet tape is less attractive. The US behaves as a mean-reverting market: buying after heavy lower-band breakouts and trimming after hot upper-band breakouts has worked better. The indicator is a market temperature gauge and should be used with other indicators.
KOSPI 200 Index WATCH
SPY WATCH
KOSDAQ 150 Index WATCH
QQQ WATCH
Tempus AI precision-medicine platform; wait
Tempus AI is not a simple diagnostics or biotech company but a precision-medicine operating system: diagnostics creates patient contacts and data, data is sold to pharma, and AI ties the data to treatment decisions. Growth is evident and Google Cloud financing aligns incentives, but it still has GAAP operating losses and large stock-based compensation. The speaker favors phased entry and watching for a GAAP operating-profit inflection similar to Palantir before making it a core long-term holding.
TEM WATCH
HIGH
10:50
Aug 28
Aug 28
069500.KS
EWY
SPY
SMH
▾
HIGH
Buy KODEX 200 in falling market
During a market decline, Chesley avoided buying Samsung Electronics and SK hynix and instead accumulated KODEX 200 in 10% tranches, using the broad-market ETF to gain Korean equity exposure with less single-stock risk.
069500.KS LONG
Buy KOSPI dips, trim above 7,500
With Korea's PBR near 1x and value-up/corporate initiatives active, KOSPI's fair pivot should be around 7,000; accumulate on declines toward 6,000-6,500 and reduce exposure above 7,500.
EWY WATCH
Foreign flows bet on U.S./semiconductor rebound
Foreign investors bought futures and call options and sold puts near the close, positioning for a U.S. market rebound or a strong semiconductor rebound.
SPY WATCH
SMH WATCH
HIGH
10:22
Aug 28
Aug 28
EWY
069500.KS
005930.KS
000660.KS
SMH
▾
HIGH
Buy KOSPI below 2650, reduce above 2750.
The KOSPI is currently trading at attractive valuation levels. A PBR of 1.0 corresponds to the 3,500 level, and the 2,700 level represents a PBR of around 0.7. Given the ongoing Value-up initiatives and active shareholder return policies by companies, the 2,700 level should act as a pivot point. Therefore, investors should view dips towards 2,650 or 2,600 as buying opportunities, while scaling back exposure if the index rises above 2,750.
EWY LONG
Buy KODEX 200 in tranches during corrections.
When the market experiences a sharp correction from an overheated state, it is safer to accumulate a broad market ETF like KODEX 200 in tranches (e.g., 10% increments) rather than trying to catch falling knives in individual highly volatile tech stocks like Samsung Electronics or SK Hynix.
069500.KS LONG
Stable US rates will trigger semiconductor rebound.
If US long-term interest rates stabilize following the Jackson Hole symposium, growth stocks that have been heavily penalized by rate fears will likely recover. Semiconductor giants like Samsung Electronics and SK Hynix are particularly well-positioned for a significant rebound due to their solid underlying earnings fundamentals.
005930.KS WATCH
000660.KS WATCH
Foreign options activity signals a market rebound.
Foreign investors exhibited unusual options market activity near the close, buying KOSPI futures and call options while aggressively selling put options. This positioning strongly suggests they are betting on a near-term market rebound, potentially driven by a recovery in the US market or domestic semiconductor stocks.
SMH LONG
HIGH
02:03
Aug 28
Aug 28
066970.KS 1ST
006400.KS
MRVL 1ST
SMR
207940.KS
▾
HIGH
Supplying LFP batteries to major cell makers.
LNF is mass-producing LFP batteries for the first time and has started supplying both LG Energy Solution and Samsung SDI, which justifies a multiple expansion as its importance in the ESS market grows.
066970.KS LONG
Secured long-term orders and Tesla entry upside.
Samsung SDI is shedding its historical undervaluation as it secures orders through 2028 and aggressively invests after liquidating its display stakes. As a new battery supplier to Tesla, it has room for multiple expansion compared to incumbents, and its forward multiple is expected to drop to the 20x range, driving upward price pressure.
006400.KS LONG
Dominates optical DSPs and expands custom ASICs.
Marvell is expanding its custom ASIC market share beyond Amazon to include Google, aiming for over 20% market share. More importantly, it dominates the DSP market for optical transceivers, a critical component for noise reduction in AI data centers, and is advancing in silicon photonics, making it an essential partner for big tech companies.
MRVL LONG
SMR stocks will surge in 2-3 years.
Small Modular Reactors (SMR) are being developed to solve power bottlenecks, but they take about three years to deploy. While ESS is the immediate solution, SMR stocks are expected to surge in two to three years when installations and power generation begin in earnest.
SMR WATCH
Rights offering dip presents strong buying opportunity.
While rights offerings usually dilute shareholder value, Samsung Biologics' 3 trillion won offering is for facility investment in a growing industry. Since Samsung Group holds over 74% of the shares, they will likely absorb the offering. The short-term price drop presents a buying opportunity for a company with strong future earnings potential.
207940.KS LONG
AI power demands drive massive market growth.
Energy Storage Systems (ESS) are being re-evaluated not just as general storage but as a core component supporting AI power control. With global ESS market growth nearing 45-50% and AI capex driving demand, the growth trend is highly resilient.
ESS LONG
HIGH
00:30
Aug 28
Aug 28
006400.KS 1ST
605117.SS 1ST
MSTR
MRVL 1ST
007660.KS
▾
HIGH
Secured long-term orders and Tesla entry drive re-rating.
Samsung SDI is undergoing a valuation re-rating as it has already secured orders through 2028 and is actively expanding its in-house capacity. Unlike competitors who are defending their market share, SDI is a new entrant in the Tesla supply chain, and its forward P/E is expected to drop into the 20s, making it highly attractive.
006400.KS LONG
Deye offers cheap valuation and rapid ESS growth.
Deye is the global leader in microinverters with a 24.4% market share and is experiencing rapid growth (over 100% YoY revenue growth) driven by the expanding residential ESS market in Europe and Southeast Asia. The market penetration is still low, providing ample room for growth, and the stock is trading at a relatively cheap valuation compared to peers.
605117.SS LONG
MSCI index removal poses short-term downside risk.
MicroStrategy acts as a leveraged play on Bitcoin and is currently trading at a premium to its net asset value (MNAV > 1). However, investors should be cautious as the stock faces a short-term risk of being removed from the MSCI index in October due to its operating assets falling below the required threshold, which could trigger a negative supply shock.
MSTR WATCH
Custom silicon and optical networks drive long-term growth.
Marvell reported record Q2 revenue driven by a 45% YoY growth in its data center segment. The company is successfully expanding its custom silicon business through partnerships like the Google TPU ecosystem and is capturing the growing demand for optical interconnects and scale-up networking. The recent post-earnings dip offers a buying opportunity for long-term investors.
MRVL LONG
Capacity expansion and price hikes drive undervalued growth.
Isu Petasys is benefiting from structural AI demand, leading to record earnings, capacity expansions, and an improved product mix with high-margin multi-layer boards. The company is also entering a price cycle with an expected 15% price hike in Q4. Trading at a low P/E of 10x, it is a highly undervalued and stable long-term AI play.
007660.KS LONG
Rights offering for facility investment is a buying opportunity.
The company's 3 trillion won rights offering should be viewed as a buying opportunity rather than a negative dilution event. The funds will be used for facility investments that will drive massive future revenue and profit growth, similar to Hanwha Aerospace's past successful offering, and the Samsung Group will likely absorb the new shares.
207940.KS LONG
Strong ETF inflows and metrics support Bitcoin.
Bitcoin has broken above $80,000 and is showing strong price action, closing higher during US trading hours. Continuous spot ETF inflows and positive on-chain metrics indicate the bear market has ended, with the 365-day moving average acting as solid support for further upside.
BTC LONG
HIGH
10:00
Aug 27
Aug 27
USD/KRW
NVDA
Korean memory semiconductor stocks
Korean equities
Relative strength stocks in Korean market
▾
HIGH
USD/KRW likely falls further 40-50 won.
USD/KRW has been pushed lower by supply-demand dynamics: ADR issuance and shareholder return flows are creating dollar supply. Government policy is also aligned, with both Korean and US officials viewing the USD/KRW exchange rate as too expensive. The speaker cites research that the exchange rate can fall an additional 40-50 won, so further downside is likely.
USD/KRW SHORT
Watch AI ecosystem earnings and guidance.
Nvidia's fiscal 2028 guidance of roughly 70% revenue growth despite a memory bottleneck lifted Nvidia and Korean memory semiconductor stocks. The key going forward is to monitor whether AI ecosystem companies can continue to beat expectations and deliver similarly strong guidance one by one.
NVDA WATCH
Korean memory semiconductor stocks WATCH
September is seasonally weak for Korean equities.
September is traditionally a weak season for Korean equities. Historically the market rose in about 11 Septembers and fell in 9, but when it fell the declines were often large. Investors need to recognize when the market is in this weak seasonal phase because that is when sharp selloffs can occur.
Korean equities AVOID
Buy relative strength stocks during weak markets.
In a seasonally weak market, stocks that rise strongly or hold up well are sending a relative-strength signal; those are the names likely to become even stronger in a bull market. The speaker describes selling a stock at 75,000-80,000 won and then rebuying at 100,000 won when it showed strength, rather than buying stocks that weaken first.
Relative strength stocks in Korean market LONG
Short-term US stock investors face FX risk.
US stock investment is attractive, but investors who convert won into dollars and plan to convert back within 6-12 months face clear currency risk because USD/KRW still has an estimated 40-50 won of further downside. Long-term dollar holders are less affected.
SPY AVOID
HIGH
05:37
Aug 27
Aug 27
068930.KQ 1ST
FANUC
6324.T
6268.T
USD/KRW
▾
HIGH
Digital Daesung is undervalued shareholder-return compounder.
Digital Daesung is in a structurally shrinking education market due to Korea's falling school-age population, but it has delivered record revenue, operating profit, and net income by building online/offline education infrastructure and using M&A synergies to expand into new businesses. It announced a 2025–2028 policy to return at least 50% of consolidated net income to shareholders, has paid dividends for 14 consecutive years, and is buying back and cancelling shares; analysts argue the current price is significantly undervalued relative to record earnings and shareholder returns.
068930.KQ LONG
Japan leads physical AI and robotics.
In the physical AI phase, where AI is applied to robots, factory automation, and precision machinery, Japan's accumulated manufacturing technology becomes a competitive edge. Park relays Daiwa Securities' call that Japan leads in core robotics components such as reducers, and names Fanuc, Harmonic Drive Systems, and Nabtesco as beneficiaries; he says he is studying these Japan-dominant physical AI/robotics companies and checking ETFs that hold them.
FANUC WATCH
6324.T WATCH
6268.T WATCH
Short USD/KRW; dollar supply is heavy.
Samsung Electronics and SK Hynix ADR issuance and large shareholder returns, including buybacks, dividends, and employee share purchase funding, are creating persistent dollar supply in Korea. NH Securities estimates average daily dollar supply of around $1 billion. Park's supply-demand framework and alignment of Korean and US government policy lead him to expect another 30–50 won of USD/KRW downside from current levels.
USD/KRW SHORT
Short-term US stocks face FX risk.
Park says US stock investing is fine for long-term holders, but investors who plan to convert back to won within six months to one year face clear currency risk because USD/KRW has already fallen about 170 won from July and he expects another 30–50 won decline; he advises short-term US stock investors to watch this FX risk.
SPY AVOID
Watch Palo Alto earnings and guidance.
Palo Alto Networks has transitioned from a hardware firewall vendor into the largest US cybersecurity platform company, with cloud integrated security platform revenue growing about 40% annually and AI/next-generation security ARR up about 60%. AI-driven cyber threats are expanding demand, but the stock trades at about 75x forward P/E; the September 2 earnings and FY2027 guidance are the next catalyst—strong guidance could justify valuation and drive further upside, while weak organic growth or guidance could trigger a correction.
PANW WATCH
HIGH
02:20
Aug 27
Aug 27
214450.KQ
NVDA
000660.KS
▾
HIGH
Cosmetics growth offsets slower medical device sales.
PharmaResearch is a fundamentally strong 'resting horse' that has demonstrated consistent revenue and profit growth over the past three years, with growth expected to continue. It is safer and more profitable for retail investors to buy such resting stocks with solid fundamentals rather than chasing already surging momentum stocks.
214450.KQ LONG
AI infrastructure demand drives strong future growth.
Nvidia's recent earnings confirm that AI infrastructure demand remains exceptionally strong and will continue into the next year, driven by hyperscalers and enterprise customers. The company provided highly confident guidance of over 70% revenue growth for the next fiscal year, alongside record networking sales and robust hyperscaler capex.
NVDA LONG
Nvidia's memory bottleneck signals strong chip demand.
Nvidia explicitly stated that its growth is constrained by memory supply, highlighting an ongoing shortage and strong demand for memory chips. This provides a highly positive signal and strong demand visibility for Korean memory semiconductor manufacturers like SK Hynix, which has secured a long-term partnership with Nvidia.
000660.KS LONG
HIGH
00:36
Aug 27
Aug 27
NVDA 1ST
XPEV
6862.HK
010140.KS 1ST
329180.KS 1ST
▾
HIGH
Strong AI demand drives Nvidia's massive growth.
Nvidia's Q2 earnings confirmed that robust AI infrastructure demand will continue into next year. The company provided a strong guidance of over 70% revenue growth for the next fiscal year, noting that growth would be even higher if not for memory supply constraints.
NVDA LONG
XPeng's robotics and autonomous driving drive valuation.
While XPeng's EV business suffers from weak gross margins and fierce price competition, its robotics and autonomous driving (robotaxi) segments are receiving higher valuations and fresh investments, which could drive multiple expansion.
XPEV WATCH
Haidilao offers low valuation and business expansion.
Haidilao's earnings are solid and the company is entering its peak Q3 season while trading at a low multiple of just 12x. The company is also expanding its business model from shabu-shabu to BBQ, making its new ventures worth monitoring.
6862.HK WATCH
Full FX hedging protects Samsung Heavy's margins.
With the USD/KRW exchange rate falling, most Korean shipbuilders face operating margin downside risks due to partial FX hedging. However, Samsung Heavy Industries is 100% FX hedged, making it immune to this currency risk and the top pick in the sector.
010140.KS LONG
Weak FX hedging exposes shipbuilders to risks.
Shipbuilders like HD Hyundai Heavy Industries and Hanwha Ocean have lower FX hedge ratios (46% and 17.5% respectively), exposing their Q3 earnings and margins to downside risk from the recent strengthening of the Korean Won.
329180.KS AVOID
042660.KS AVOID
Strong Won won't derail the shipbuilding supercycle.
Historical cycles show that Korean shipbuilders can still experience massive stock rallies even when the Won strengthens significantly, due to strong order backlogs. Investors should not overly fear the recent FX drop unless the rate falls below 1,250 won, as a stronger Won can also attract foreign buying.
IPAY LONG
US cosmetics exports drive PharmaResearch's top-line growth.
PharmaResearch is seeing explosive growth in Rejuran cosmetics exports to the US, with Q2 exports up 123% YoY. Although the rising cosmetics mix slightly dilutes overall operating margins compared to medical devices, the strong top-line growth has halted the downward revision of earnings estimates, making the stock attractive.
214450.KQ LONG
US Treasury liquidity injections will boost Bitcoin.
The US Treasury is expected to continue injecting liquidity through T-bill issuance and buybacks to suppress the 10-year yield below 5%. This increase in dollar liquidity creates a highly favorable macro environment for Bitcoin, which acts as a liquidity alarm, driving its price higher despite short-term volatility.
BTC LONG
Samyang Foods offers a great buying opportunity.
Samyang Foods is another fundamentally strong company with high YoY growth (53%) that is currently resting while market liquidity temporarily rotates to semiconductors. This pause presents a great buying opportunity for long-term investors.
003230.KS LONG
HIGH
10:00
Aug 26
Aug 26
Korean small/mid-cap stocks
Korean semiconductor stocks
051915.KS
▾
HIGH
July plunge created overlooked small-cap opportunity
After the July plunge, the Korean market has been led mainly by large-cap semiconductor leaders while many small- and mid-cap stocks have been left irrationally cheap as Samsung Electronics and SK hynix absorbed liquidity. Park sees over 100 candidates that could return more than 100%, is building cash, and plans to deploy into roughly 30-50 of those names from September through early October, expecting some multi-bagger winners even if a final September shakeout occurs.
Korean small/mid-cap stocks LONG
Memory shortage brings big semiconductor upside
Memory supply shortages and Nvidia's HBM choices set up a major event for semiconductor shareholders. If Nvidia leans toward HBM4 to control memory costs, SK hynix's pre-existing long-term HBM4 contracts give it cost competitiveness; if it adopts HBM4E, Samsung's unique supply position gives it pricing power. Park says a big semiconductor move is coming.
Korean semiconductor stocks LONG
LG Energy stake can re-rate LG Chem
LG Chem management's previous response on the LG Energy Solution listing was a governance misstep. If LG Chem simply committed to selling 30% and distributing the roughly 30 trillion won proceeds as dividends to LG Chem shareholders, the common and preferred shares would immediately re-rate. The hidden value in the LG Energy Solution stake remains a clear catalyst.
051915.KS WATCH
HIGH
07:42
Aug 26
Aug 26
000660.KS
NVDA
Korean small/mid-cap stocks
051910.KS
STX
▾
HIGH
Solidigm's US listing won't hurt if shareholder returns are strong.
The potential US listing of SK Hynix's NAND subsidiary, Solidigm, should not be viewed as a negative double-listing event. Unlike typical Korean double-listings that destroy shareholder value, a US listing allows for better valuation and M&A flexibility. As long as the company commits to strong shareholder returns, such as returning 50% of free cash flow, the listing will not harm parent shareholders.
000660.KS WATCH
Long-term HBM contracts may protect Nvidia's gross margins.
Ahead of Nvidia's earnings, there are market concerns that rising memory and HBM prices will squeeze the company's gross margins. However, Jensen Huang may reveal that Nvidia secured long-term supply contracts for HBM4 with SK Hynix before the recent price surges, meaning the increased memory costs will not significantly impact their overall profitability.
NVDA WATCH
Unreasonably discounted small and mid-caps offer massive upside.
The market correction in July has created a massive buying opportunity in Korean small and mid-cap stocks. These stocks have dropped to unreasonable valuations as liquidity was concentrated in large caps like Samsung Electronics and SK Hynix. There are numerous small and mid-cap stocks with the potential for 100% to 300% returns, which will be aggressively accumulated in the coming weeks.
Korean small/mid-cap stocks LONG
Committing to shareholder returns would trigger a stock rebound.
LG Chem's stock remains depressed due to the controversial double-listing of LG Energy Solution. However, if management simply committed to selling a 30% stake in the subsidiary and distributing the 30 trillion won in proceeds as dividends to LG Chem shareholders, both the common and preferred shares would immediately skyrocket.
051910.KS WATCH
Falling NAND prices would destroy HDD's price advantage.
Seagate is currently surging because AI data centers are using cheaper HDDs instead of expensive SSDs for long-term data storage. However, investors should monitor NAND supply dynamics closely; if NAND supply exceeds demand and SSD prices drop, HDDs will lose their critical price competitiveness, potentially causing a sharp decline in Seagate's stock.
STX WATCH
AI data centers offer massive long-term structural growth.
The global AI data center market is projected to grow at a massive 25.8% compound annual growth rate, expanding from $17.7 billion to over $133 billion by 2034. This explosive total addressable market (TAM) growth presents a highly lucrative, long-term structural opportunity for infrastructure players like GS Group, which is building a 2.4GW data center.
078930.KS LONG
AI Data Centers LONG
HIGH
02:07
Aug 26
Aug 26
HOOD 1ST
222800.KQ
TLB 1ST
EWY
BTC
▾
MED
Bitcoin's strong rebound signals resilient risk appetite.
Bitcoin serves as a highly accurate leading indicator for risk asset sentiment. Its recent strong rebound from 88 million to 110 million KRW, along with the 8% surge in crypto-linked stocks like Robinhood, indicates that the broader US market is not facing an imminent collapse and risk appetite remains intact.
HOOD LONG
BTC LONG
Simmtech leads the SoC substrate sector's attractiveness.
In the Korean SoC substrate sector, stock performance and attractiveness are directly correlated with revenue capacity. Simmtech is the most attractive with a projected 300 billion KRW in SoC revenue next year, followed by TLB at 150 billion KRW, and Korea Circuit at 100 billion KRW.
222800.KQ LONG
024110 LONG
Simmtech leads the SoC substrate sector's attractiveness.
TLB is entering Nvidia's Rubin supply chain later this year, which is driving massive margin expansion. Despite the new SoC-related products accounting for only 5% of total revenue this quarter, company-wide operating margins exceeded 10%, implying the new product margins could be over 30%. With Q4 operating margins projected to reach 12-15%, the market is significantly underestimating TLB's profitability, creating large upside potential.
TLB LONG
Range-trade the KOSPI during its one-month consolidation.
The Korean market is currently in a trendless consolidation phase that is expected to last about a month. Investors should employ a contrarian range-trading strategy for the index, accumulating below the 2,650 level and reducing exposure above 2,700, while maintaining long-term positions in fundamentally strong stocks until next spring.
EWY WATCH
MED
00:38
Aug 26
Aug 26
BTC
6869.HK 1ST
TLT
INTU
278470.KS 1ST
▾
HIGH
Spot ETF inflows and liquidity support Bitcoin.
Bitcoin is facing resistance in the $81k-$83k range, but strong spot ETF inflows and solid underlying demand suggest it will eventually break through. Furthermore, the US Treasury's issuance of short-term bills, which will likely be absorbed by the growing stablecoin market, will inject liquidity into the system, creating a favorable macroeconomic environment for Bitcoin similar to the 2023 rally.
BTC LONG
Strong Q2 earnings driven by fiber prices.
Yangtze Optical Fibre and Cable (YOFC) reported strong Q2 earnings with a 75% YoY revenue increase and a 15x surge in net profit, driven by rising global optical fiber prices and expanding overseas sales. The company achieved a record 62.5% gross margin and holds a dominant 22% market share in China and 15% globally, making it an attractive investment despite broader Chinese market weakness.
6869.HK LONG
Extreme CTA short positions may trigger squeeze.
CTA funds have built extreme short positions on US Treasuries, reaching a 2-standard-deviation level, which increases the probability of a significant short squeeze. The US Treasury's strategy to issue short-term bills to buy back long-term bonds, coupled with stablecoin demand, could stabilize or lower long-term yields, making Treasuries an important asset to monitor for a reversal.
TLT WATCH
Lowered guidance and AI threats pressure Intuit.
Intuit reported a Q2 earnings beat with strong Credit Karma growth, but the stock plunged after hours due to lowered FY guidance. The company is sacrificing short-term margins to recover market share in the DIY tax segment by offering free services, while facing structural threats and opportunities from AI replacing traditional tax software, warranting a cautious watch.
INTU WATCH
Rapid global expansion and strong margins undervalued.
APR is experiencing explosive growth, with Q2 revenue doubling YoY and operating margins remaining robust at around 25%. The company is successfully expanding into the US via offline channels and TikTok Shop, and its European expansion is showing rapid early growth. Despite this strong fundamental performance and potential for margin improvement as air freight costs normalize, the stock remains undervalued at 18-20x P/E.
278470.KS LONG
CAMM adoption drives margins for PCB makers.
As AI investment expands from GPUs to CPUs, the adoption of new memory modules like CAMM (SoCAMM) for Nvidia's Vera CPU is accelerating. Domestic PCB makers TLB, Simmtech, and Korea Circuit are the key beneficiaries. TLB's CAMM revenue portion is expected to double by 2027, driving margin expansion due to 3x higher ASPs, while Simmtech leads globally, positioning them for a valuation rerating.
356860.KQ LONG
222800.KQ LONG
007810.KS LONG
HIGH
10:00
Aug 25
Aug 25
KODEX ETF
KOSDAQ Index
EWY
TIGER KOSDAQ ETF
▾
HIGH
Panic-buy Korean equities, exit after 26%.
Park is planning a panic-only Korean equity strategy/fund that remains in cash during normal markets, buys Korean equity indices/ETFs only during extreme panic selloffs, and exits mechanically after a 26% gain; he says prior panic entries in KOSDAQ, KODEX and TIGER KOSDAQ vehicles were all up over 30%. He argues this also could reduce Korean market volatility caused by foreign derivative flows.
KODEX ETF LONG
KOSDAQ Index LONG
EWY LONG
TIGER KOSDAQ ETF LONG
HIGH
07:58
Aug 25
Aug 25
EWY
KODEX 200 ETF
KOSDAQ 150 ETF
128940.KS 1ST
051900.KS
▾
HIGH
Correction then year-end Korean bull market
After the June-July 2025 entry points trapped late buyers, the Korean market may need to shake out those weak hands into mid-September; Park expects a new strong bull market to begin around year-end or early next year once that correction finishes.
EWY WATCH
Buy Korean index ETFs in panics
Park describes a systematic panic-buying strategy, modeled on a proposed Chesley stabilization fund: stay out of Korean equities normally, deploy into KODEX 200 and KOSDAQ 150 only during panic selloffs such as tariff shocks, war, or KOSPI 5,500 breaks, and exit when the position gains 26%; he says similar panic entries have produced 30%+ returns.
KODEX 200 ETF LONG
KOSDAQ 150 ETF LONG
Hanmi muscle-preserving obesity drug positive
Hanmi Pharm's HM17321 is a differentiated obesity candidate using the UCN2/CRF2 pathway to reduce fat while preserving or increasing muscle, and Genentech's license deal of up to $2.3 billion validates the mechanism; Park notes the drug could be especially meaningful for elderly and sarcopenic patients and calls it a major milestone for Hanmi Pharm.
128940.KS LONG
LG H&H turnaround setup looks attractive
LG Household & Health Care's Avon sale at about 5% of the acquisition cost removes a loss-making non-core business and lets management focus on fast-growing own brands in North America; Park adds that the chart has turned constructive, with the monthly 20-month moving average broken for the first time since 2021, a weekly cup-handle pattern, and decent foreign flows, so it is worth holding.
051900.KS LONG
Samsung buyback expansion supports higher stock
Despite the near-term shareholder-return disappointment, Park interprets analyst Kim Dong-won's calculation that the next three-year plan could expand buybacks more than fourfold versus 2024-2026; if the prior stock price was fair around 70,000 won, that implies roughly 280,000 won, so Samsung Electronics should be supported as the January three-year plan announcement approaches.
005930.KS LONG
Samsung SDI stake sale funds growth
Samsung SDI's sale of a 5% Samsung Display stake for about 4.45 trillion won provides funding for North American battery and ESS capacity expansion; Park says selling a non-core holding to raise investment capital is a significantly positive catalyst for shareholders, with ESS positioned as a new growth axis from AI data-center power demand.
006400.KS LONG
HIGH
01:46
Aug 25
Aug 25
SMH
Cosmetics 1ST
ROBO
Equities
FINANC 1ST
▾
HIGH
Hold semiconductor stocks despite current market volatility.
For accounts heavily weighted in semiconductors, it is better to simply hold the position rather than making insignificant 5-10% cash reductions, as the sector remains a core holding despite current market volatility.
SMH LONG
Cosmetics shine as semiconductors face temporary slump.
Cosmetics companies have been showing strong export data but were previously overshadowed by the dominant semiconductor sector; with semiconductors currently in a slump, cosmetics stocks are now standing out as strong performers.
Cosmetics LONG
Hyundai Motor surging signals market rotation ending.
Hyundai Motor is currently trading with the characteristics of a robotics stock, and a surge in robotics or Hyundai Motor typically signals the final stage of a market rotation, indicating a broader market pullback is imminent.
ROBO WATCH
005380.KS WATCH
Accumulate stocks mid-September for year-end rally.
The September market correction is driven by the end of the US fiscal year and institutional book closing, but a strong rebound will begin in late October. Investors should meaningfully accumulate stocks around mid-September to capture a projected 15% year-end rally.
Equities LONG
High rates and stricter payouts boost insurers.
Insurance stocks, specifically Hyundai Marine & Fire Insurance, are hitting new highs as they benefit from high interest rates and improved profitability due to stricter payout rules on medical indemnity insurance, such as manual therapy.
FINANC LONG
001450.KS LONG
HIGH
00:29
Aug 25
Aug 25
MSTR
SMH
005380.KS
EWY
006400.KS
▾
HIGH
MicroStrategy provides high leverage during Bitcoin uptrends.
MicroStrategy provides higher leverage than direct Bitcoin investment during a strong crypto bull market, but its business model is highly exposed and dangerous during a prolonged downtrend, requiring careful risk management.
MSTR WATCH
Maintain semiconductor exposure but raise slight cash.
The historical September market correction is usually driven by specific macro shocks rather than pure seasonality. Investors with high semiconductor exposure should not sell out completely or rotate to other sectors, but rather raise 5-10% cash to handle volatility after the FOMC and PCE announcements, and look to buy back into semiconductors if interest rates and corporate earnings remain stable.
SMH WATCH
Hyundai Motor spikes signal sector rotation ends.
Hyundai Motor is currently trading more like a robotics stock than a traditional automaker, and a spike in its stock price often signals the end of a sector rotation cycle in the broader market.
005380.KS WATCH
Increase equity exposure in mid-September for year-end.
The Korean market will remain volatile and lack strong upward momentum until mid-September due to seasonal factors and FOMC concerns. Investors should use this period to identify resilient stocks and meaningfully increase equity exposure around mid-September for a strong year-end rally.
EWY LONG
Stake sale secures funds for US investments.
Samsung SDI's sale of its Samsung Display stake for 4.45 trillion won removes the need for additional borrowing to fund its US JV with GM and ESS investments. The growing AMPC tax credits from its US ESS business will significantly boost its operating margins.
006400.KS LONG
High rates will suppress semiconductor index rebounds.
The PHLX Semiconductor Index is highly vulnerable to the current high-interest-rate environment, and a meaningful rebound is unlikely in the near term as negative factors are already priced in.
SOXX AVOID
US equities will rally from late October.
The US market often struggles in September because the US government's fiscal year ends in September, limiting government spending and liquidity injections. However, once the new fiscal year starts in October, liquidity returns, making late October to year-end a strong period for equities.
SPY LONG
HIGH
10:00
Aug 24
Aug 24
EWY
U.S. 10-year Treasury yield
▾
HIGH
Buy Korean stocks on any September dip.
Just as unseasonable heat can be a fake before autumn, the stock market often gives a final shakeout before a real advance. He expects Korean stocks to stay choppy until mid-September, and if the market pulls back again, it should be treated as another buying opportunity rather than a reason to sell.
EWY LONG
Watch 10-year Treasury yield breaking 5%.
If the 10-year U.S. Treasury yield breaks above 5%, the large interest burden on the U.S. debt pile could trigger serious market disruption. He frames this as a key threshold to monitor rather than saying it is imminent.
U.S. 10-year Treasury yield WATCH
HIGH
08:07
Aug 24
Aug 24
EWY FLIP
SPY
Korean defense sector
NVDA
US10Y
▾
HIGH
Buy Korean equity dips into mid-September.
In Korea's tax-free, high-volatility market, a disciplined strategy of selling after achieving 15% return and moving to cash helps investors avoid confirmation bias, regain objectivity, and re-enter after pullbacks; if repeated, it could compound much faster than buy-and-hold and is being formalized as the best Korean-style strategy.
EWY LONG
US equities suit long-term investors better.
US stocks are a better environment for long-term investors than Korea because US clients tend to hold with a longer-term perspective and tax friction reduces the urge to sell in downturns, whereas Korean stocks are more volatile and emotional; Park says assigning a dedicated US equity manager was a good decision.
SPY LONG
Korean missile exports likely coming.
Korean interceptor missiles could be supplied via the US to Ukraine, and US missile inventories are so depleted that requests for Korean missiles will likely come, similar to prior K2 and K9 armored vehicle demand; this opens export and deployment opportunities for Korea's defense industry.
Korean defense sector LONG
Nvidia earnings unlikely to spark upside.
Nvidia's AI server price increases are driven by rising HBM and server DRAM input costs, so the company is passing through supplier costs rather than enjoying purely organic pricing; therefore Nvidia's upcoming earnings are unlikely to produce a sharp upside pop in the stock.
NVDA WATCH
Watch US 10-year yield breaking 5%.
Park says a US debt crisis is not imminent, but if the US 10-year Treasury yield breaks above 5% it could trigger severe market trouble; however, if rates rise further they would cool investment and consumption, slow the economy, and eventually pull yields back down.
US10Y WATCH
Memory makers gain unprecedented pricing power.
Memory supply has become the key variable determining AI server prices; Samsung Electronics, SK hynix and Micron now hold unprecedented negotiating power because building fabs and installing equipment takes years, so HBM and server DRAM price rises are being passed through into Nvidia AI server price increases.
000660.KS LONG
005930.KS LONG
MU LONG
HIGH
02:49
Aug 24
Aug 24
EWY
XOM 1ST
MPC 1ST
XLE 1ST
BTC FLIP
▾
HIGH
Expect September-October weakness, then year-end rally.
US and Korean equity markets have a recurring seasonal pattern: September and October tend to be weak, especially in midterm-election years, because of election uncertainty, tax-related selling, back-to-school liquidity needs, and higher bond issuance. Park expects this weakness to be a buying setup rather than a bear market; he says stressed investors should raise cash before or during September-October and then redeploy around late October, because November-December typically recover strongly. Good stocks can be held through the period, but margin should not be used.
EWY WATCH
SPY WATCH
QQQ WATCH
Oil strength supports energy and refiners.
With oil staying at high levels, the S&P 500 energy sector historically shows an 85.4% correlation to oil upside. Park argues that investors who can call oil should own oil-sensitive equities; he personally bought ExxonMobil after the COVID oil crash, and he highlights Marathon Petroleum and Valero as refiners with exceptionally strong year-to-date returns. He also notes these cyclical energy names are re-rating like memory stocks: earnings have surged but the market is not yet willing to pay a high multiple, leaving PER low and upside if refining earnings persist.
XOM LONG
MPC LONG
XLE LONG
VLO LONG
Bitcoin strength signals resilient risk appetite.
Bitcoin just posted its largest weekly gain since March 2023, up about 25%, even though US 10-year yields and oil remain high. Park interprets this as a positive risk-appetite signal: money is not fleeing risk assets, and Bitcoin's strength under these rates and oil levels is an encouraging sign for the risk-asset complex.
BTC LONG
Samsung Electronics faces pension supply overhang.
Park flags a supply overhang in Samsung Electronics: the National Pension Service needed to sell a large amount of Samsung Electronics to rebalance its KOSPI 200 allocation, but has actually sold only about 1 trillion won versus a potential 25 trillion won, meaning it has not cleared enough supply. This suggests that if Samsung Electronics rebounds, the pension may be forced to sell into strength, limiting upside; conversely, if institutions or foreigners return, a rebound is possible. The setup is worth monitoring around pension-order flow.
005930.KS WATCH
Tesla long-term structural growth: hold it.
Citing Mok Dae-gyun, Park argues Tesla is a long-term structural growth stock that should not be traded in and out; investors should simply hold it. The only adjustment should be position sizing: if Tesla is too large a share of the portfolio, reduce it to a manageable weight because a highly concentrated position creates emotional stress and can force bad decisions.
TSLA LONG
HIGH
21:58
Aug 23
Aug 23
VLO 1ST
BTC
MPC 1ST
XLE FLIP
EWY
▾
HIGH
Surging refining margins drive strong earnings growth.
The S&P 500 energy sector exhibits an 85.4% correlation with WTI crude oil. US refiners like Marathon Petroleum and Valero Energy have seen surging refining margins, leading to strong bottom-line turnarounds and triple-digit earnings growth.
VLO LONG
MPC LONG
XLE LONG
Consolidation expected before October bull market resumes.
Bitcoin recently rallied due to Treasury buybacks and short liquidations, with spot ETF inflows remaining strong. The asset is expected to undergo 1-2 months of consolidation before a full bull market potentially resumes around October.
BTC WATCH
Reduce equities now and re-enter late October.
September and October are historically weak months for equities due to seasonality, tax issues, and US election uncertainties. Investors who are sensitive to volatility should reduce their equity exposure and hold cash, looking to re-enter the market in late October ahead of a typical year-end rally.
EWY AVOID
Rising CCL prices drive strong earnings growth.
Shengyi Technology reported a Q2 earnings beat with strong margins. CCL and PCB prices are rising due to supply shortages in glass fiber and copper foil, which could drive further price hikes in the second half of the year, justifying a buy rating.
600183.SS LONG
Monopoly in annealing equipment drives high margins.
HPSP reported a significant Q2 earnings beat with a 61% operating margin. The company maintains a monopoly in high-pressure annealing equipment and is successfully expanding its applications from non-memory to memory sectors, justifying a premium valuation.
403870.KQ LONG
HIGH
09:00
Aug 23
Aug 23
TSLA
005930.KS
000660.KS
▾
HIGH
Buy and hold Tesla for robot/autonomy optionality.
Tesla is not a stock to trade. Musk's storytelling and the optionality from autonomous driving and humanoid robots are not yet reflected in current earnings, while near-term EV results and capex concerns are depressing sentiment. If humanoid mass production reduces costs, the future can arrive faster than expected. Combining Tesla with SpaceX creates a vertically integrated AI company that is unique. Investors should hold through volatility with a position size small enough to stomach drawdowns rather than trying to time it.
TSLA LONG
Memory cycle persists; watch Samsung/SK hynix.
Despite AI memory tightness expected by Micron and SK hynix through 2027-2028, Samsung Electronics and SK hynix remain heavy-asset cyclical businesses. Long-term agreements may reduce amplitude but cannot eliminate inventory and capex cycles, and Chinese CXMT is aggressively following in HBM while supply expands. The market has partially priced this fear; the July low looked somewhat excessive while the prior high was overshooting. The cycle is unlikely to collapse immediately, but investors need to watch earnings numbers and how the market prices the cyclical transition.
005930.KS WATCH
000660.KS WATCH
HIGH
05:00
Aug 23
Aug 23
EWY FLIP
SOXX
005930.KS
000660.KS FLIP
US10Y
▾
HIGH
Cut KOSPI risk until mid-September
Park expects KOSPI to struggle into mid-September because September is seasonally weak, the monthly 5-month moving average has broken, and foreign investors are not returning aggressively. He has been cutting equity exposure since last Friday and wants to hold cash to buy weakness later in September.
EWY AVOID
Wait until mid-September before buying semis
The Philadelphia semiconductor index has broken its 5-day moving average and is entering weak September seasonality. Park wants to wait until early-to-mid September before buying semiconductors because the index historically adjusts for about 10 months and then ultimately rises, while earnings remain alive.
SOXX WATCH
Samsung foundry news supports 230k floor
Samsung Electronics has relative support because its foundry business keeps producing positive news. Even if the stock is pushed down again, Park sees the 230,000 won area as a strong support level.
005930.KS LONG
SK Hynix overhead supply, may break low
SK Hynix is lagging because retail investors are heavily trapped and overhead supply is dense roughly between 173,000 and 180,000 won. The monthly chart is weak and Park thinks the July low of 1,246,000 won may be broken before any rebound; buyback activity may only provide some defense.
000660.KS AVOID
Wait before deploying cash as yields rise
The US 10-year Treasury yield has risen again to 4.74% and the chart pattern is poor. Park notes August-October historically pressured yields higher in 2022 and 2023, so he wants more patience before deploying cash because yields could rise further.
US10Y WATCH
HIGH
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