Name: Daily Morning Fund Managers' Investment Meeting Live | Park Se-ik Executive Director & Chesley Investment Advisory [Morning Brief / 26.08.27.Thu]
Uploaded: 2026-08-27T00:36:35+00:00
Duration: 7951 s

Speakers

Wang — General Manager

Kevin — CFO, Apple Inc.

Chu-cheon — Analyst

Oh — Manager

Park Se-ik — CEO, ex-Chief Strategist

Hae-soo — Analyst

Summary

The video covers global market updates, focusing on Nvidia's strong Q2 earnings and its positive implications for the AI and memory semiconductor supply chain. It also discusses the macro environment for Bitcoin, driven by US Treasury liquidity injections. In the Korean market, the panel analyzes the impact of the strengthening Won on shipbuilders and highlights the growth potential of PharmaResearch's cosmetics exports.

Nvidia's Q2 earnings beat expectations, with strong guidance of 70%+ growth for next year.
Memory supply constraints remain the only bottleneck for Nvidia's AI infrastructure growth.
US Treasury policies to cap yields are expected to inject liquidity, benefiting Bitcoin.
Samsung Heavy Industries is favored among Korean shipbuilders due to its 100% FX hedging.
Other shipbuilders face short-term margin risks from the strengthening Korean Won.
PharmaResearch is highlighted as a strong buy due to explosive US cosmetics export growth.
Fundamentally strong but currently consolidating stocks like Samyang Foods present buying opportunities.

Ideas

Wang General Manager 16:22

Haidilao offers low valuation and business expansion.

Haidilao's earnings are solid and the company is entering its peak Q3 season while trading at a low multiple of just 12x. The company is also expanding its business model from shabu-shabu to BBQ, making its new ventures worth monitoring.

Wang General Manager 16:59

XPeng's robotics and autonomous driving drive valuation.

While XPeng's EV business suffers from weak gross margins and fierce price competition, its robotics and autonomous driving (robotaxi) segments are receiving higher valuations and fresh investments, which could drive multiple expansion.

Kevin Analyst 37:41

US Treasury liquidity injections will boost Bitcoin.

The US Treasury is expected to continue injecting liquidity through T-bill issuance and buybacks to suppress the 10-year yield below 5%. This increase in dollar liquidity creates a highly favorable macro environment for Bitcoin, which acts as a liquidity alarm, driving its price higher despite short-term volatility.

Chu-cheon Analyst 67:38

Strong AI demand drives Nvidia's massive growth.

Nvidia's Q2 earnings confirmed that robust AI infrastructure demand will continue into next year. The company provided a strong guidance of over 70% revenue growth for the next fiscal year, noting that growth would be even higher if not for memory supply constraints.

Oh Manager 97:38

Full FX hedging protects Samsung Heavy's margins.

With the USD/KRW exchange rate falling, most Korean shipbuilders face operating margin downside risks due to partial FX hedging. However, Samsung Heavy Industries is 100% FX hedged, making it immune to this currency risk and the top pick in the sector.

Oh Manager 97:38

Weak FX hedging exposes shipbuilders to risks.

Shipbuilders like HD Hyundai Heavy Industries and Hanwha Ocean have lower FX hedge ratios (46% and 17.5% respectively), exposing their Q3 earnings and margins to downside risk from the recent strengthening of the Korean Won.

Park Se-ik CEO, ex-Chief Strategist 104:44

Strong Won won't derail the shipbuilding supercycle.

Historical cycles show that Korean shipbuilders can still experience massive stock rallies even when the Won strengthens significantly, due to strong order backlogs. Investors should not overly fear the recent FX drop unless the rate falls below 1,250 won, as a stronger Won can also attract foreign buying.

Oh Manager 107:48

US cosmetics exports drive PharmaResearch's top-line growth.

PharmaResearch is seeing explosive growth in Rejuran cosmetics exports to the US, with Q2 exports up 123% YoY. Although the rising cosmetics mix slightly dilutes overall operating margins compared to medical devices, the strong top-line growth has halted the downward revision of earnings estimates, making the stock attractive.

Park Se-ik CEO, ex-Chief Strategist 118:36

Samyang Foods offers a great buying opportunity.

Samyang Foods is another fundamentally strong company with high YoY growth (53%) that is currently resting while market liquidity temporarily rotates to semiconductors. This pause presents a great buying opportunity for long-term investors.

Daily Morning Fund Managers' Investment Meeting Live | Park Se-ik Executive Director & Chesley Investment Advisory [Morning Brief / 26.08.27.Thu]

Summary

Ideas

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