Ideas
Top holding-company pick with high treasury shares.
SK Inc. is the top holding-company pick because it holds the largest treasury-share stake among major Korean holding companies, over 20%, and is very likely to cancel them after SK hynix's full treasury-share cancellation announcement. It still trades around 0.8x PBR with about 20% upside, and its subsidiary earnings are strong, unlike Hanwha which has already run up near 0.9x PBR.
Hanwha looks overvalued after treasury-share rally.
Hanwha has already risen sharply on treasury-share cancellation news and its PBR is near 0.9x, so the easy re-rating is largely done. Compared with SK Inc. at around 0.8x PBR, Hanwha looks too expensive now.
Strong subsidiaries, earnings growth, PBR re-rating.
HD Hyundai is the second top holding-company pick. Its shipbuilding, refining through Hyundai Oilbank, and robotics subsidiaries are all doing well, operating profit has grown from about 2 trillion won to nearly 6 trillion won and could exceed 7 trillion won in 2026. At 1.9x PBR it is not expensive and could re-rate to 2.5x.
Skip CJ on valuation and murky earnings.
CJ is less attractive because its PBR is already about 1.3x, the stock has risen a lot, and 2024-25 earnings are murky with uncertainty around Olive Young's growth. The speaker excludes CJ from the preferred holding-company list.
Cheap paint holding with treasury-share catalyst.
Noroo Holdings has about 22% treasury shares and trades near 0.5x PBR, and its specialty paint business is decent. However, the stock fell after capital-allocation concerns, so the key is whether management properly handles the treasury shares; watch rather than chase.
Avoid LS amid governance and IPO risks.
LS Corp. is a good operating company, but the chairman's mindset is viewed negatively, PBR is already about 1.3x, and the subsidiary IPO process is in a tug-of-war with the financial regulator over a material split. Avoid LS for now.
Cheap but loss-making, avoid Lotte Holdings.
Lotte Holdings screens cheap at 0.39x PBR, but the company is not earning money, has net losses, pays no meaningful dividend, and cash is being drained to Japan. The speaker says it is not investable until profitability improves.
Wait for family dispute resolution at LG.
LG Corp. trades around 0.5x PBR and is held by the National Pension Service, but there is an unresolved family dispute. The speaker says it could improve after resolution, but until then investors should not look at it.
Top securities pick on treasury-share retirement.
Mirae Asset Securities is the top securities pick because it has a 23.15% treasury-share stake, Naver owns 5% via a Dunamu share swap, and it has invested in SpaceX. The company is expected to retire treasury shares; if that news emerges it could mark a short-term peak.
Brokerage play, but already rallied.
Kiwoom Securities is a simple way to play higher brokerage revenue as trading hours and market activity increase, but the stock has already risen a lot, so it is less attractive than Mirae Asset Securities on a pullback.
New top bank pick on PBR gap.
Hana Financial is the new top bank pick. It still trades below 0.7x PBR versus KB near 0.9x, giving more upside, and its shareholder structure with the National Pension Service and BlackRock should push for stronger shareholder returns and treasury-share cancellation. It also has a securities arm.
Bank with securities arm for upside.
Among banks, the speaker prefers those with securities subsidiaries; Shinhan has Shinhan Securities, which adds brokerage upside as market activity increases.
Samsung looks better than SK hynix.
Samsung Electronics looks relatively more attractive than SK hynix. Its 1c DRAM process yield has risen to about 80% and the improved base die reduces heat, which helps its HBM competitiveness; the speaker says Samsung is 'prettier' in the current semiconductor race.
Favor HBM post-process equipment over front-end.
The speaker prefers post-process semiconductor equipment over front-end equipment. Front-end equipment has already priced in Samsung P4/P5 and M15X expansion, while Micron's aggressive expansion is mostly HBM, so inspection, bonding, and reflow equipment tied to HBM should see demand.
CMP localizer, watch Samsung adoption.
KC Tech is the only domestic CMP equipment localizer and HBM 4.2 requires thinner wafer grinding, which should increase CMP need. However, Samsung adoption is not yet confirmed, so it remains a watch item.
Noisy story, lacks actual orders.
Techwing rallied on expectations that it passed SK hynix contact tests, but actual orders have not materialized, making the stock noisy and less attractive than cleaner post-process names.
Strong post-process equipment supplier.
PSK Holdings supplies various post-process semiconductor equipment and its business has been very strong recently, supporting the broader post-process equipment preference.
Cleanest HBM bonder pick, Samsung catalyst.
Hanmi Semiconductor is the cleanest equipment pick. It is an oligopoly TC bonder supplier with about 46% operating margin, growing Micron orders, and strong growth potential; if Samsung approves its equipment, the stock could quickly reach 300,000 won on momentum.
Fairly valued, needs orders to revisit.
Eugene Technology is fairly valued around 24x earnings, but the front-end equipment cycle has already run up. The speaker removed it from the top picks and would revisit only if order numbers materialize.
Overvalued front-end equipment with thin margin.
Wonik IPS is overvalued. Its operating margin is only around 10%, yet the stock trades near 35x earnings, which already over-discounts front-end equipment orders that may not be large enough.
Inspection equipment play, buy on pullback.
DI Corp. is a semiconductor inspection equipment company with a good price trend and is viewed as cleaner; the speaker says to buy on a pullback.
Advanced substrate demand supports Samsung Electro-Mechanics.
Samsung Electro-Mechanics is moving again on FC-BGA and glass-substrate demand. As HBM stacks get taller and hotter, advanced substrates are increasingly important, supporting the stock.
Server substrate demand supports Daeduck.
Daeduck Electronics is a comfortable substrate play because server-use substrates are seeing strong demand; investors can buy on pullbacks.
SoCAM equipment name awaiting next move.
TLB is a SoCAM-related equipment name with strong data-center exposure. It has already had a move and is waiting for the next level-up, but the speaker still likes it.
Custom semiconductor parts supplier with Micron award.
CMTX is a newly listed semiconductor parts company that customizes parts for equipment makers such as Applied Materials. It was recognized as a top supplier by Micron, giving it room to grow; the speaker advises waiting for a pullback.
Micron supplier, watch China exposure.
STI is a Micron-recognized supplier with reflow equipment and power-semiconductor exposure. The speaker likes it but says investors must monitor its China-related business.
Assume won stablecoin issuance is coming.
The speaker expects Korea to issue a won stablecoin, likely around June, following the US GENIUS Act and global preparations. He says investors should assume issuance will happen and position in the likely beneficiaries rather than avoid the theme.
Safest large-cap stablecoin payment play.
NAVER is the safer large-cap stablecoin play. It owns Naver Pay, can combine payments with its shopping platform, may save over 1 trillion won in fees, and has optionality from AI, GPUs, and robots. Earnings have been consistently growing and the chart is making higher lows, so it is a buy on dips.
Aggressive pure stablecoin payment bet.
Kakao Pay is the aggressive stablecoin play. It is a pure payment platform with high volatility; if stablecoin regulation materializes, it could move quickly, and the chart's long base suggests upside potential, but the speaker warns it is riskier.
This 815 Money Talk (815머니톡) video, published February 07, 2026,
features Lee Kwon-hee
discussing 034730.KS, 000880.KS, 267250.KS, 001040.KS, 000320.KS, 006260.KS, 004990.KS, 003550.KS, 006800.KS, 039490.KS, 086790.KS, 055550.KS, 005930.KS, HBM post-process equipment, 281820.KS, 089030.KQ, 031980.KQ, 042700.KS, 084370.KQ, 240810.KQ, 003160.KS, 009150.KS, 353200.KS, 356860.KQ, CMTX, 039440.KQ, Korean won stablecoin theme, 035420.KS, 377300.KS.
29 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Lee Kwon-hee
· Tickers:
034730.KS,
000880.KS,
267250.KS,
001040.KS,
000320.KS,
006260.KS,
004990.KS,
003550.KS,
006800.KS,
039490.KS,
086790.KS,
055550.KS,
005930.KS,
HBM post-process equipment,
281820.KS,
089030.KQ,
031980.KQ,
042700.KS,
084370.KQ,
240810.KQ,
003160.KS,
009150.KS,
353200.KS,
356860.KQ,
CMTX,
039440.KQ,
Korean won stablecoin theme,
035420.KS,
377300.KS
