Team Leader, Investment Strategy, Sangsangin Securities
·tracked since Jun 2026
543
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SK hynix has even stronger earnings momentum than Samsung, with analyst target prices surging from 3 million to 3.8-3.9 million KRW within a month. Its position in high-bandwidth memory (HBM) and long-term contracts gives exceptional earnings visibility, still trading at low multiples.
Hyundai Motor has significant upside potential from its robotics and physical AI exposure via Boston Dynamics (future IPO), combined with strong financial strength and production capabilities. The company showed impressive confidence at CES and is positioned as a leader in physical AI, beyond just automotive.
Samsung Electronics is deeply undervalued at around 7x forward PE, with massive earnings visibility from long-term supply contracts in AI memory. The company's earnings alone will exceed the entire Korean corporate profit of last year, and target prices are being raised above 500,000 KRW.
Domestic KOSPI stocks should be overweighted because the AI-driven earnings cycle (especially Samsung and SK hynix) is strong and sustained, while the geopolitical risk premium is already priced in. The Korean market has outperformed global peers and earnings visibility supports further upside.
Increase allocation to precious metals such as gold, as a safe-haven hedge while maintaining dollar liquidity. Technical rebound potential supports a relative overweight in gold.