Are All Bad News Reflected? Will the Rebound Begin in August? | Lee Kwon-hee, CEO of Wizwave [Double Up]
Спикеры
Lee Kwon-hee
— Генеральный директор, экономист
Lee Kwon-hee, CEO of Wizwave, argues that all bad news is fully priced into Korean memory stocks after a 40% crash. He sees a broad market rebound starting in August, with SK Hynix and Samsung Electronics both deeply undervalued. He also highlights Hanwha Ocean's stellar earnings despite the sell-off, and expects Micron to recover. While bullish on most big tech, he warns Apple could lose its market-cap rank next year.
- SK Hynix delivered solid Q2 earnings with FCF surging; forward P/E is near 4x, presenting a bargain after a 45% drop.
- Samsung Electronics trades at 3.8x forward P/E and is expected to boost dividends, making it extremely cheap.
- The Korean market has fallen nearly 40% with extreme bearish sentiment, signaling a bottom and potential broad August rebound.
- Hanwha Ocean recorded commercial shipbuilding margins above 20%, yet the stock fell on poor sentiment, creating a turnaround opportunity.
- Micron Technology was unfairly sold down in sympathy with Korean memory and is attractively valued around 6x forward P/E.
- Apple may be pushed out of the top 10 global market cap as other big tech firms demonstrate AI investment returns.
- Worries about Big Tech capex are exaggerated; Meta's co-investment model already shows paths to monetization.
Идеи
SK Hynix oversold, cheap, buy now.
SK Hynix reported solid Q2 earnings with a surge in free cash flow after the Kioxia stake sale. The stock has fallen 45% and already fully priced in all negative news, including weak guidance and CXMT fears. Forward P/E is around 4x, extremely cheap. The company is expanding shareholder returns with higher dividends and LTAs with 10 firms. This creates a bargain opportunity; cautious incremental buying is warranted.
Samsung Electronics cheap, rebound ahead.
Samsung Electronics trades at a forward P/E of only 3.8x, deeply undervalued. The company is expected to announce increased dividends, and the stock has fallen excessively alongside SK Hynix. All known negatives are already reflected; the stock should rebound as semiconductor sentiment improves, although the recovery may be gradual.
Korean market oversold, broad rebound coming.
The Korean stock market has plummeted nearly 40%, with retail sentiment shifting to 9:1 negative. Lee believes all major negative catalysts are already known and priced in, and a broad rebound is likely to begin in August. Foreign futures buying signals bottom-fishing, and once volatility subsides, funds will flow back to many cheap stocks across sectors.
Micron unfairly sold, cheap, should recover.
Micron Technology has been unfairly dragged down in sympathy with Korean memory stocks. Its forward P/E is around 6x, still attractive, and Lee believes it should recover as the sell-off was overdone. The market is not differentiating Micron's standalone fundamentals.
Apple risks losing top market-cap rank.
Lee forecasts that by next year, Apple could fall out of the top 10 global market capitalization ranking. As other big tech companies begin proving returns on their massive AI investments, Apple's lack of comparable demonstrated AI investment rewards may cause a rotation away from its shares.
Hanwha Ocean strong earnings, unjustified sell-off.
Hanwha Ocean delivered exceptional earnings, with commercial shipbuilding operating margin exceeding 20% and total margin around 13%. Despite these record results, the stock declined due to poor overall market sentiment and liquidity constraints. Once confidence returns, the stock is poised for a strong recovery from an unjustified sell-off.
Далее
This 3PRO TV (삼프로TV) video, published July 29, 2026, features Lee Kwon-hee discussing 000660.KS, 005930.KS, EWY, MU, AAPL, 042660.KS. 6 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Lee Kwon-hee · Tickers: 000660.KS, 005930.KS, EWY, MU, AAPL, 042660.KS