Nomura Re-evaluates Samsung Electronics as a 'Structural Growth Stock' / Why You Should Change Stocks in a Plunging Market | CEO Lee Gwon-hee

Summary

Lee Gwon-hee discusses short-term market caution due to geopolitical risks and rising US yields, but remains bullish on the medium-term outlook driven by structural AI semiconductor demand. He highlights Nomura's upgrade of Samsung Electronics as a structural growth stock, recommends Hanmi Semiconductor and LS Corp as buy-on-dip candidates, and expects the KOSPI to find support near 6,930. He also warns against chasing hot sectors like defense, power equipment, and LG stocks.

• Lee advises increasing cash and being cautious in the short term due to geopolitical tensions and rising US Treasury yields.
• He highlights Nomura's report re‑evaluating Samsung Electronics as a structural growth stock, similar to TSMC.
• He sees SK hynix and Samsung Electronics as the key leaders benefiting from AI memory demand.
• He recommends buying Hanmi Semiconductor after its Q1 earnings miss, expecting a Q2 recovery and US expansion.
• He suggests LS Corp as a buy on dips with a 37% upside target price.
• He expects the KOSPI to trade in a 7,400–7,800 range but could dip to 6,930, advising to buy near that support.
• He warns against chasing rapid rallies in defense, power equipment, and LG stocks.
• He briefly discusses the impact of Space X's IPO on Korean semiconductor equipment suppliers.