Ideas
Substrate stocks correct but shortage persists
The recent sharp decline in Korean substrate/packaging stocks was triggered by Japan's Ibiden announcing a large-scale FCBGA capacity expansion with direct investment from Nvidia, raising fears that Samsung Electro-Mechanics could lose share of its most important customer. However, the speaker believes this is near-term noise rather than a structural threat, because FCBGA demand remains in severe shortage across multiple customers, and new capacity takes 1.5-2 years to ramp. Samsung Electro-Mechanics is likely to enter a period of time correction in a 170,000-200,000 won range; LG Innotek, Daeduck Electronics, Isu Petasys, and Simmtech all fell in sympathy as the market sold the entire substrate basket.
LG Electronics downside limited, ecosystem play
LG Electronics fell back after the Jensen Huang visit but has no special negative issue, and the speaker believes the stock is unlikely to decline further. More broadly, the LG Group should be watched carefully long-term because the meeting with Jensen Huang signals a meaningful effort to bring LG into Nvidia's ecosystem.
Naver's Nvidia ecosystem play supports re-rating
Naver's meetings with Jensen Huang are part of a large strategic picture, placing Naver inside Nvidia's ecosystem. Naver is building a 1GW data center, and the market typically assigns 19-20 trillion won in market cap per 1GW, implying a potential valuation of 45-50 trillion won (vs. current 35 trillion). There is also the possibility of Nvidia taking a strategic equity stake. Near-term, the stock needs to digest recent volume from traders who bought on the Sam Altman visit rumors, but the speaker advises long-term holders to stay patient and wait for the ecosystem momentum to materialize.
Mirae Asset set to drop on SpaceX miss
Mirae Asset Securities failed to receive any SpaceX shares in the latest subscription allocation, which was random. The stock had already broken below its prior trading range and the 120-day moving average; the recent rally was purely on SpaceX listing hopes. With those hopes now dashed, the stock is likely to fall further, and the speaker urges caution.
Avoid SpaceX now, wait at least 3 months
SpaceX's stock is too risky to invest in quickly. The subscription price was around $135, and the speaker expects it to trade in a range near $150, not deliver big early pops like Korean IPOs. Launch failures could cause severe downside, and the company still carries massive losses (45 trillion won). He recommends waiting at least three months before considering an investment.
HVM overvalued, sell into strength
HVM's earnings are improving and could reach about 17 billion won this year, but the stock has run too fast and is already pricing in two years of growth, trading at 65x earnings. Near-term upside is limited to the 120,000-130,000 won range, and 140,000 is unlikely in the short term. The speaker advises selling on strength above 120,000 if the original investment was based on SpaceX expectations.
US space stocks overvalued vs SpaceX anchor
US space stocks such as Rocket Lab have become extremely expensive relative to SpaceX, with PSR multiples of 80-90x versus SpaceX at around 50x. Now that SpaceX is setting a valuation anchor, analysts are warning that the rest of the sector will correct. Rocket Lab fell over 10% in the US session, and the speaker believes these stocks should be sold.
POSCO Int'l dead momentum, limited bounce likely
POSCO International is in a clear downtrend and has broken the 120-day moving average. The company itself is not bad—it trades at only 11x earnings—but the momentum is dead because the oil price spike from war fears is fading and commodity prices are expected to decline. A modest rebound toward 67,000-70,000 won is possible, but the stock is unlikely to fall much further from current levels. Patient holders can wait, while those needing cash can sell on a bounce.
POSCO Holdings bottomed, 20-30% upside likely
POSCO Holdings has retraced all of its earlier rally and the speaker believes it has found a bottom. With the semiconductor rally cooling and power equipment having run, secondary battery names are becoming more attractive. The speaker sees 20-30% upside potential from here and suggests that those without a position can look to buy.
Samsung SDI attractive after deep correction
Secondary battery stocks, led by Samsung SDI, have become very attractive after a deep pullback. As semiconductor momentum fades, rotation into oversold batteries is likely. Demand from data centers and ESS will support earnings regardless of near-term oil price moves, and the sector can deliver 20-30% upside. The speaker specifically highlighted Samsung SDI as a name to watch.
This 815 Money Talk (815머니톡) video, published June 13, 2026,
features Lee Kwon-hee
discussing 009150.KS, 011070.KS, 353200.KQ, 007660.KS, 222800.KQ, 066570.KS, 035420.KS, 006800.KS, SPCX, HVM, RKLB, 047050.KS, 005490.KS, 006400.KS.
10 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Lee Kwon-hee
· Tickers:
009150.KS,
011070.KS,
353200.KQ,
007660.KS,
222800.KQ,
066570.KS,
035420.KS,
006800.KS,
SPCX,
HVM,
RKLB,
047050.KS,
005490.KS,
006400.KS
