Name: Is there a new leading stock driven by high exchange rates? | Myeong Min-jun, Park Ga-young, Park Ji-hoon [Stock Beginner Rescue Team]
Uploaded: 2026-06-05T12:30:38+00:00
Duration: 2999 s

Speakers

Park Ji-hoon — Director, Asset Management Consulting Dept., NH Investment & Securities

Summary

Park Ji-hoon discusses the current market headwinds (foreign selling, weak won, KOSDAQ weakness) and identifies opportunities in cosmetics, inbound tourism, and individual stocks like Amotech and Samsung Electro-Mechanics. He expects a KOSDAQ recovery in July and advises against chasing the SpaceX IPO theme. The overall tone is cautious but with selective bullish ideas.

Market correction driven by foreign outflows and high exchange rate.
Weak won benefits cosmetics exporters and inbound tourism.
Amotech is a high-upside MLCC play with AI value chain entry.
Samsung Electro-Mechanics remains top large-cap pick.
KOSDAQ may see a rebound with policy support in July.
Avoid chasing SpaceX IPO hype.
Hold positions in fundamentally strong stocks.

Trade Ideas

Park Ji-hoon Director, Asset Management Consulting Dept., NH Investment & Securities 28:20

Inbound tourism benefits hotel/casino stocks

Inbound tourism is increasing strongly due to the weak won. Chinese tourists (short stays) and Western tourists (long stays) are both visiting more, benefiting hotels and casinos. Paradise, a casino and hotel operator, saw a 5% rise on the day. The trend should continue as long as the won remains weak.

Park Ji-hoon Director, Asset Management Consulting Dept., NH Investment & Securities 35:03

Weak won boosts cosmetics exporters

Cosmetics stocks benefit from the weak won, as export data shows record levels in April and near-record in May. Silicone Two's Poland logistics center expansion and the upcoming summer peak season support further growth. APR and D'Alba Global are top picks because they are gaining online market share in North America and Europe. When retail buying returns, these stocks should rally.

Park Ji-hoon Director, Asset Management Consulting Dept., NH Investment & Securities 37:12

Samsung Electro-Mechanics is top large-cap pick

Samsung Electro-Mechanics is the top large-cap pick. Despite the recent sharp correction, the long-term story remains intact with strong positions in MLCC, FC-BGA, ABF, and silicon capacitors. The correction was necessary after a parabolic rise, and investors should buy on dips. It offers superior fundamentals compared to Samsung Electronics or SK Hynix.

Park Ji-hoon Director, Asset Management Consulting Dept., NH Investment & Securities 38:47

Amotech AI MLCC value play with low valuation

Amotech is an MLCC company that has entered the AI value chain by gaining approval from Marvell for special AI/optical network MLCCs. It is raising capex (350 billion KRW rights offering) to expand production. ROE is improving from 5% to over 10% by next year. Current market cap is only 350 billion KRW with conservative 2025 operating profit estimates of 300-400 billion, giving a very low forward PER. Despite recent stock price correction, the company's shift from general-purpose to high-spec AI MLCCs should drive multiple expansion toward peers like Samsung Electro-Mechanics.

Park Ji-hoon Director, Asset Management Consulting Dept., NH Investment & Securities 45:19

KOSDAQ at darkest before dawn

KOSDAQ is at its darkest point before dawn. With the election over, policy support (30th-anniversary events, restructuring) is expected in July. The KOSDAQ index has been beaten down while large caps (Samsung, Hynix) have rallied. Once the large caps stabilize, money should rotate into KOSDAQ. It is time to buy or hold KOSDAQ positions.

Is there a new leading stock driven by high exchange rates? | Myeong Min-jun, Park Ga-young, Park Ji-hoon [Stock Beginner Rescue Team]

Summary

Trade Ideas

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