Jang Ho-jin

Oil prices will stay elevated above $80 in the near term due to supply-demand imbalances and geopolitical tensions, making a quick decline unlikely.

Semiconductor stocks like Samsung Electronics and SK hynix still have upside potential driven by AI demand and strong foreign buying, with target prices suggesting further gains despite some consolidation.

Semiconductor stocks like Samsung Electronics and SK hynix still have upside potential driven by AI demand and strong foreign buying, with target prices suggesting further gains despite some consolidation.

KOSPI can reach 8,800-8,900 based on semiconductor valuation and Nomura’s target of 11,000, but applying a 0.8 margin of safety.

Jeju Semiconductor (Jeju Semiconductor) is a small-cap fabless memory company leveraging the DDR4 price upcycle. Its Q1 operating profit of 67.1B won already exceeds last year's full-year 35.9B, and Q2 is expected to be even stronger, potentially reaching 100B. Annual operating profit could hit 400B won, implying a PE of about 10x. While not cheap, the stock can move more flexibly than larger cap semiconductor names due to lighter institutional flows and strong earnings momentum.

Hyundai Motor is poised to rally as money rotates out of overheated semiconductor stocks, supported by its lagging performance, strong robotics (Atlas) narrative, and improved mechanical quality in robots.

Power equipment stocks, especially LS Electric, are well-positioned due to rising AI-related electricity demand and strong earnings momentum, making it the best pick in the sector.

Ecopro BM is at a critical breakout point after being laggard in the secondary battery sector, and the sector still has room to run with potential upside if it breaks resistance.