Current auto parts companies are not only profitable in their existing business but also carry strong robotics expansion potential, making them better plays than overvalued pure robot stocks.
Undervalued holding companies with shareholder returns.
Many Korean small/mid-cap holding companies trade at PBR 0.1-0.3x, have strong cash flows, and some are below the value of listed subsidiaries; with improving shareholder return policies (dividends, buybacks) and eventual reallocation away from semiconductor mania, these stocks will be revalued.