^K ^KS11 Loading... : Bullish and Bearish Analyst Opinions

With the major macro headwind (Iran/Trump tensions, oil spike) resolved and the AI-driven profit growth of mega-cap tech unimpaired, KOSPI can break to new all-time highs and reach the 10,000 level, a ~15% upside that is entirely plausible given still-low valuations.

KOSPI index's trend has shifted higher, with the box range floor likely rising from 7,200 to around 7,500-8,000, signaling a bullish phase; however, near-term volatility from FOMC and weekend uncertainties suggests buying on dips rather than chasing intraday spikes.

The KOSPI (South Korean stock market) is fundamentally solid despite heavy foreign selling. Nomura and Goldman Sachs maintain positive views, and the selling is largely mechanical due to overweight positions rather than fundamental deterioration. The market's fundamentals remain strong, supported by key companies like Samsung and SK Hynix.

If Samsung and Hynix re-rate to 10x+ P/E, the KOSPI index can reach 11,200, offering a broad market rally.

If the US 10-year Treasury yield reaches 5%, the KOSPI will likely break below 7,000, as rising yields pressure risk assets and increase capital outflow risks for Korea. This is a conditional warning to monitor yield levels closely.

The KOSPI can reach 8,500 based on 10x forward P/E on current aggregate earnings (or ~8,400 using PBR of 2.2x, comparable to Taiwan's 3.4x PBR adjusted for ROE differences). If earnings continue to rise, the index can go beyond 8,500. This is supported by strong upside from Samsung Electronics and SK Hynix and by a structural AI capex cycle that offsets macro headwinds.

KOSPI is undervalued at 8.2x P/E (10-year average 9.3x). With Samsung and Hynix earnings surging and potential re-rating, the index can reach 7,500 by mid-year (near-term) and 8,300-10,000 if re-rating occurs. The speaker initially called 7,500 in February when KOSPI was around 5,000, and now expects it much sooner.