DRAM Price Surges Again! No Semiconductor Peak Out / Samsung Electronics Earnings Announcement, Next Week's Fate of Korean Stock Market Decided

[#RealMarket] DRAM Price Surges Again! No Semiconductor Peak Out / Samsung Electronics Earnings Announcement, Next Week's Fate of Korean Stock Market Decided | Director Lee Ju-yeon

Watch on YouTube ↗ | July 04, 2026 at 11:00 | 35:24 | 815 Money Talk (815머니톡)

Speakers

Lee Ju-hyeon — Director, Xangle

Summary

Director Lee Ju-yeon argues semiconductor peak-out fears are excessive, with DRAM prices surging and supply shortages likely lasting into 2028. KOSPI below 8,000 offers deep value. She recommends semiconductor equipment on dips, names SK Hynix as a top chip pick, and highlights pharma/bio, power grid, wind energy, defense/shipbuilding, and cosmetics as near-term winners, while watching secondary batteries and nuclear for gradual recovery.

KOSPI below 8,000 is a deep-value buying zone with P/E under 8x.
AI CapEx growth still outpaces revenue growth, supporting semiconductor demand until at least Q3 2026.
UBS sharply raised DRAM price forecasts; supply shortage expected through Q2 2028.
SK Hynix is a top beneficiary of DRAM and HBM price strength.
Semiconductor equipment stocks are a buy-the-dip opportunity.
Pharma/bio and cosmetics benefit from falling interest rates and pension fund inflows.
Power grid, wind, and defense/shipbuilding sectors have strong catalysts from AI data centers and government projects.
Secondary battery and nuclear sectors are bottoming but require patience.

Ideas

Lee Ju-hyeon Director, Xangle 2:03

KOSPI below 8000 is deep value.

KOSPI below 8,000 is a deep-value zone with P/E under 8x, historically a strong buying opportunity. Despite high volatility, the recent pullback has brought the index to levels where low-price buying inflows are likely. The uptrend remains intact and this is a time to seek opportunities rather than panic.

Lee Ju-hyeon Director, Xangle 10:20

Buy semiconductor equipment on dip.

Semiconductor equipment and materials stocks corrected sharply this week, but the underlying CapEx momentum remains strong and HBM-related orders are expected to accelerate in Q2-Q3 earnings. The dip is a buying opportunity within a still-healthy upcycle.

Lee Ju-hyeon Director, Xangle 11:46

Semiconductor peak-out fears overblown.

Semiconductor peak-out fears are overblown. Big-tech CapEx growth rate is still outpacing revenue growth until at least Q3 2026, with CapEx growth peaking near 90% this year. Investment volume remains high even if growth slows, meaning AI infrastructure demand continues to support semiconductor stocks. The sector can rebound.

Lee Ju-hyeon Director, Xangle 16:30

SK Hynix wins from DRAM and HBM.

UBS sharply raised DRAM price forecasts, expecting supply shortage lasting until Q2 2028. DRAM contract prices seen up 67% QoQ in Q2, 32% in Q3, 18% in Q4. SK Hynix target raised to 320,000 won, driven by AI demand, HBM dominance, and expected HBM price jump of 50-100% next year. SK Hynix is the prime beneficiary.

Lee Ju-hyeon Director, Xangle 25:52

Pharma/bio thrives on lower rates.

Pharma/bio stocks benefit from falling interest rates as growth stocks. Alteogen is the anchor market-cap leader, Olix shows strongest momentum, and DND Pharmatech is also strong. The sector has lagged US pharma and can catch up as semiconductors consolidate.

Lee Ju-hyeon Director, Xangle 26:18

Battery sector recovery post-Q2.

Korean secondary battery sector is forming a bottom with lithium prices rebounding to 160,000 yuan. Q2 earnings will likely be weak, but after the earnings release, expectations for the next quarter should improve, setting up a recovery trade.

Lee Ju-hyeon Director, Xangle 26:57

Securities stocks on strong Q2 earnings.

Korean securities stocks are expected to deliver strong Q2 earnings and the sector historically outperforms when interest rates fall, making it an attractive near-term cyclical play.

Lee Ju-hyeon Director, Xangle 27:06

Defense/shipbuilding with catalysts.

Defense and shipbuilding sectors have high Q2 earnings expectations and strong catalysts ahead: NATO summit and the Canada submarine project finalist announcement. Hanwha Ocean is seen as the main beneficiary of the sub project, with no expectations yet priced in.

Lee Ju-hyeon Director, Xangle 27:45

Cosmetics stocks with fund inflows.

Korean cosmetics stocks are receiving steady pension fund inflows and have strong Q2 earnings expectations. PharmaResearch, APR, Dalba Global, and Hankook Kolmar are showing strong price trends and remain attractive to buy on dips during the earnings season.

Lee Ju-hyeon Director, Xangle 28:08

Power grid stocks on AI demand.

AI data center power demand is surging, with US electricity emergency alerts and skyrocketing power prices. The government is prioritizing transmission infrastructure, making beaten-down Korean power grid stocks like LS Electric, HD Hyundai Electric, and Hyosung Heavy attractive on pullbacks.

Lee Ju-hyeon Director, Xangle 28:59

Nuclear stocks bottomed, recovery slow.

Nuclear power stocks including Doosan Enerbility have sold off heavily and are forming a bottom, with price merit emerging. However, project approvals and construction will take time, so near-term speed will be slow; best viewed as a gradual accumulation opportunity.

Lee Ju-hyeon Director, Xangle 29:32

Wind energy stocks benefit from renewables.

Renewable energy, especially wind, is the fastest power source to deploy for AI data centers. CS Wind benefits directly from Vestas’s strong earnings, and LS Cable and LS Marine Solution are also key wind supply-chain plays. Pullbacks offer long-term opportunities.

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This 815 Money Talk (815머니톡) video, published July 04, 2026, features Lee Ju-hyeon discussing EWY, 471990.KS, Korean semiconductor sector, 000660.KS, 196170.KQ, 226950.KQ, 347850.KQ, Korean secondary battery sector, Korean Securities Sector, 042660.KS, Korean defense sector, Korean shipbuilding sector, 278470.KQ, 214450.KQ, 161890.KS, 126000.KQ, 010120.KS, 298040.KS, 267260.KS, 034020.KS, 010260.KS, 112610.KS, 060370.KQ. 12 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lee Ju-hyeon · Tickers: EWY, 471990.KS, Korean semiconductor sector, 000660.KS, 196170.KQ, 226950.KQ, 347850.KQ, Korean secondary battery sector, Korean Securities Sector, 042660.KS, Korean defense sector, Korean shipbuilding sector, 278470.KQ, 214450.KQ, 161890.KS, 126000.KQ, 010120.KS, 298040.KS, 267260.KS, 034020.KS, 010260.KS, 112610.KS, 060370.KQ