삼성전자•SK하이닉스, 상승 여력은 얼마일까? | 김장열 유니스토리자산운용 본부장 [집중 오늘의 주식]

Watch on YouTube ↗  |  February 06, 2026 at 09:59  |  42:44  |  3PRO TV (삼프로TV)
Speakers
Kim Jang-yeol — Reporter, The Bell

Summary

Kim Jang-yeol of Unistory Asset Management discussed whether Samsung Electronics and SK hynix still have upside after strong memory-driven earnings forecasts. He warned that hidden double/triple booking could make memory price growth and P/E expansion non-linear. He reviewed Samsung Securities' semiconductor equipment and materials report, favoring Wonik IPS and TES, taking a more measured view on Eugene Technology, liking Park Systems on weakness, and avoiding Nextin. He also said a KOSPI move to 5,200-5,300 would likely require US AI and semiconductor leaders like Nvidia, Broadcom, Micron, and SanDisk to lead.

  • Memory pricing may not improve linearly because hidden double/triple booking could surface abruptly.
  • Samsung Electronics and SK hynix have strong earnings estimates, but new buying needs confirmation.
  • Samsung Securities raised targets for Korean semiconductor equipment and materials names.
  • Wonik IPS and TES had both EPS and multiple upgrades; TES showed the largest analyst gap.
  • Park Systems is viewed as attractive below 30x P/E, while Nextin is avoided on China volatility.
  • KOSPI upside toward 5,200-5,300 is tied to US AI and semiconductor leadership.
  • Alphabet and Amazon capex and earnings were discussed but did not produce clear trades.
Ideas
Kim Jang-yeol Reporter, The Bell 0:40
Memory double-booking may cap upside.
The speaker agrees with Samsung Securities analyst Lee Jong-wook that hidden double- and triple-booking in memory semiconductors could make the supply fulfillment rate jump abruptly instead of rising linearly. If that happens, DRAM/NAND price growth and P/E multiple expansion could stall faster than investors expect, so memory names should be monitored for non-linear correction risk.
MU SNDK HIGH
Kim Jang-yeol Reporter, The Bell 0:40
Memory double-booking may cap upside.
Samsung Electronics and SK hynix have strong 2026 earnings forecasts, and the speaker viewed their recent 4% drop as an opportunity for existing holders. He said holders do not need to sell first, but new buying should be conservative until the stocks and broader semiconductor complex show a clear upward breakout because hidden double booking could limit memory price and multiple expansion.
005930.KS 000660.KS HIGH
Kim Jang-yeol Reporter, The Bell 13:54
Favor semi equipment with earnings upgrades.
The speaker highlighted Samsung Securities' late-January report on Korean semiconductor equipment and materials, where target prices were raised. He said the best opportunities are names where both EPS forecasts and valuation multiples were raised, and advised watching foreign and institutional flows: persistent two-way selling for 3-4 days is negative, while persistent two-way buying is positive.
Korean semiconductor equipment/materials MED
Kim Jang-yeol Reporter, The Bell 15:37
Wonik IPS upgraded on earnings and multiple.
Samsung Securities raised Wonik IPS's EPS estimate by 11% and its target P/E to 40x, increasing the target price to 130,000 won from 114,400 won. Because both earnings and multiple were raised, the speaker saw higher confidence than in names with only multiple upgrades; holders need not rush to sell and can sell into the target or after a Samsung Pyeongtaek fab schedule confirmation.
240810.KQ HIGH
Kim Jang-yeol Reporter, The Bell 21:36
Eugene Technology cheap, but less torque.
Eugene Technology's target price was raised to 130,000 won using a 32x P/E, which the speaker considered reasonable versus global equipment peers. Its valuation is lower than Wonik IPS and it supplies Samsung, SK hynix, and Micron, but only the multiple was raised and growth is less explosive; a 10% drop is not a fundamental sell signal.
084370.KQ MED
Kim Jang-yeol Reporter, The Bell 24:15
TES has largest analyst upside gap.
Samsung Securities raised TES's EPS estimate by 23% and target P/E to 18x, producing a 90,000 won target versus about 67,000 won, the largest gap among the three equipment names. The speaker said TES has steadier 20% growth this year, so holders need not sell and steady-growth investors can hold it.
095610.KQ HIGH
Kim Jang-yeol Reporter, The Bell 29:15
Park Systems cheap for unique microscope.
Park Systems has unique atomic force microscope technology, and after a sharp drop it looks cheap against Samsung Securities' 370,000 won target at 38x P/E versus a 240,000 won price. The speaker prefers buying below 30x P/E and sees 25x as a stronger opportunity, noting Q1 weakness is typical and the stock is a long-term holding.
140860.KQ MED
Kim Jang-yeol Reporter, The Bell 36:43
Avoid Nextin on China volatility.
Nextin has technology but a high China revenue mix and a volatile earnings history; the stock had already run to 98,500 won when the 110,000 won target was published at 32x P/E. The speaker said he will not touch it because China-driven volatility is too difficult.
348210.KQ MED
Kim Jang-yeol Reporter, The Bell 40:49
KOSPI upside needs US semiconductor leaders.
A KOSPI move to 5,200-5,300 would likely be led by US AI and semiconductor names such as SanDisk, Micron, Broadcom, and Nvidia moving together, not by Samsung Electronics earnings alone. If those leaders break higher together, Korean equities can follow and new money can be added; otherwise the speaker remained conservative.
EWY NVDA AVGO MED
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This 3PRO TV (삼프로TV) video, published February 06, 2026, features Kim Jang-yeol discussing MU, SNDK, 005930.KS, 000660.KS, Korean semiconductor equipment/materials, 240810.KQ, 084370.KQ, 095610.KQ, 140860.KQ, 348210.KQ, EWY, NVDA, AVGO. 9 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kim Jang-yeol  · Tickers: MU, SNDK, 005930.KS, 000660.KS, Korean semiconductor equipment/materials, 240810.KQ, 084370.KQ, 095610.KQ, 140860.KQ, 348210.KQ, EWY, NVDA, AVGO