Buzzberg Cup Live

Deposit Balance Plunges by 34 Trillion Won… Is the Leverage Era Over Now? "Panic Selling in a Crashing Market" Is This the Bottom Now? | Director Yeom Seung-hwan

Watch on YouTube ↗  |  July 15, 2026 at 01:30  |  25:32  |  815 Money Talk (815머니톡)
Speakers
Yeom Seung-hwan — Director, LS Securities

Summary

Director Yeom Seung-hwan discusses the sharp drop in retail deposit balances and argues it is driven by psychology rather than fundamentals. He believes the market bottom will form once memory peak-out uncertainty is resolved by upcoming earnings. He sees memory stocks as deeply undervalued and expects a rebound led by foreign buying, while cautioning against trading on Samsung ADR speculation.

  • Retail deposit balances fell 34 trillion won from their peak, with new funds drying up and money rotating into single-stock leveraged ETFs.
  • The speaker attributes the liquidity deterioration mainly to investor psychology, not a fundamental breakdown.
  • Historical market bottoms were not simply about individual panic selling; this time, resolution of memory peak-out fears is the key catalyst.
  • Samsung Electronics and SK Hynix trade at extremely low P/E ratios even if earnings were to halve, making the sell-off overdone.
  • Long-term memory supply agreements and tight cleanroom capacity support a more stable cycle, though investor skepticism remains high.
  • Foreign investors have returned with strong buying, aided by KRW appreciation, potentially driving a short-term KOSDAQ bounce.
  • Samsung ADR listing is a medium-term positive but faces structural hurdles; investors should not bet on it in the near term.
Ideas
Yeom Seung-hwan Director, LS Securities 9:43
Memory stocks rebound after July earnings
Memory semiconductor stocks Samsung Electronics, SK Hynix, and Micron are severely undervalued. Current share prices have priced in a drastic earnings decline, but even if profits halve, P/E would remain around 5–6x, which is not expensive. Supply remains tight—cleanroom capacity cannot increase until H1 next year—while real AI demand persists and long-term supply agreements provide multi-year visibility. Earnings estimate cuts (e.g., for HBM) are temporary, not a signal that the cycle has peaked. The upcoming July earnings reports from these companies will likely resolve memory peak-out uncertainty and trigger a significant rebound.
005930.KS 000660.KS MU HIGH
Yeom Seung-hwan Director, LS Securities 22:40
KOSDAQ short-term bounce on foreign buying
Foreign investors, who had been massive sellers this year, have seen their equity weightings shrink naturally. With the Korean won strengthening and reducing FX hedging costs, and valuations becoming attractive after the sell-off, foreign buying has resumed strongly. This renewed foreign inflow can lead the Korean market, particularly the KOSDAQ index, to a short-term rebound toward the mid-700 level over the next few days, even though a sustained uptrend would require individual investors to return.
KOSDAQ Index MED
Up Next
35:27
Is KOSPI's surge starting again? But what's concerning is... | Yoon Jeong-sik, Baro Asset Management Managing Director [Double Check]
3PRO TV (삼프로TV) · Jul 15
3:06:46
[July 15 #BeforeMarketOpen] New York Stock Market Rises Amid CPI Slowdown and Semiconductor Stock Rally / SK Hynix ADR Surges 27% on Barclays Overweight Opinion
815 Money Talk (815머니톡) · Jul 15
44:11
Retail Investors Sold, Institutions Bought…Is a Rebound Signal Out? | Park Byung-chang, MP Partners CEO [Market Inside]
3PRO TV (삼프로TV) · Jul 15
9:32
Sam Lyman Puts 70% Odds on Clarity Passing Before Recess
Unchained (Chopping Block) · Jul 15
44:19
Mad Money 07/14/26 | Audio Only
CNBC · Jul 15

This 815 Money Talk (815머니톡) video, published July 15, 2026, features Yeom Seung-hwan discussing 005930.KS, 000660.KS, MU, KOSDAQ Index. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Yeom Seung-hwan  · Tickers: 005930.KS, 000660.KS, MU, KOSDAQ Index