Daily Morning Fund Managers' Investment Meeting Live | Park Se-ik Senior Managing Director & Chesley Investment Advisory [Morning Brief / 07.21.26.Tue]

Daily Morning Fund Managers' Investment Meeting Live | Park Se-ik Senior Managing Director & Chesley Investment Advisory [Morning Brief / 21.07.26.Tue]
Watch on YouTube ↗  |  July 20, 2026 at 22:15  |  2:01:49  |  Chesley Investment Advisory (체슬리투자자문)
Speakers
Wang Bujang — China Market Analyst
Jang Chang-min — Analyst
Park Se-ik — CEO, ex-Chief Strategist
Jun-yeok — Crypto Analyst

Summary

Global market briefing covering Chinese AI optical transceiver leader Xinyisheng, US AI chip diversification driving custom chip and component stocks, refining plays on elevated oil, and a deep dive into Korean memory stocks where Park Se-ik argues the 35% correction is a strong buying opportunity. Additional picks include Shinsegae luxury retail, Samsung SDI battery turnaround, and KOSDAQ 150 ETF on oversold extremes. The crypto segment details Hyperliquid's revenue-based tokenomics.

  • China AI hardware: Wang Bu-jang recommends Xinyisheng for its optical transceiver upgrade cycle and superior product mix vs competitors.
  • US AI chip diversification: Jang Chang-min picks Broadcom, Marvell, Lumentum, Coherent, AMD as beneficiaries of broadening AI demand beyond NVIDIA.
  • US refining: Valero and Marathon Petroleum hit 52-wk highs on sustained high oil prices boosting margins.
  • Korean memory: CEO Park Se-ik sees 35% correction as a buying opportunity, citing supply shortage, rising contract prices, and strong ETF inflows.
  • Shinsegae: luxury retail play at 13x forward PE, supported by consumption polarization and foreign tourism.
  • Samsung SDI: early battery turnaround with ESS LFP driving profitability, similar to 2014 shipbuilding cycle.
  • KOSDAQ 150: extreme 5-week losing streak makes the ETF a tactical bounce play.
  • Crypto: Hyperliquid (HYPE) token backed by real DEX revenue and buyback mechanism, showing resilience.
Ideas
Wang Bujang China Market Analyst 6:03
AI optical transceiver leader with strong growth
Xinyisheng is a global leader in optical transceivers with 94% export share, serving major hyperscalers like Meta, Amazon, Google, and NVIDIA. Its Q2 revenue growth is expected to be 78-102% YoY, driven by a mix shift to higher-speed 800G and 1.6T products and normalization of EML chip supply. The company continues to upgrade its product portfolio while competitors face increasing supply, giving it a relative advantage. Earnings estimates were raised with a target price offering 24% upside.
300502.SZ HIGH
Jang Chang-min Analyst 13:25
Refiners benefit from sustained high oil prices
Elevated oil prices above $80 are improving refining margins, and fund flows are moving into refining stocks. Valero Energy and Marathon Petroleum hit 52-week highs as investors bet on sustained high oil rather than directional oil trading, benefiting from wider crack spreads.
VLO MPC MED
Jang Chang-min Analyst 15:34
AI chip diversification benefits custom chips, components
AI chip demand is diversifying beyond NVIDIA's GPU monopoly. Google's in-house inference chip development and Microsoft's expanded partnership with AMD signal that hyperscalers are turning to custom chips and alternative suppliers. This benefits custom ASIC designers Broadcom and Marvell, optical component makers Lumentum and Coherent, and CPU/GPU supplier AMD. The broadening of AI chip suppliers is a positive signal that AI investment is becoming a long-term, multi-provider cycle.
AVGO MRVL LITE COHR AMD MED
Jun-yeok Crypto Analyst 22:48
High-growth DEX token with revenue buybacks
Hyperliquid is a decentralized perpetual exchange with an order book model, generating real revenue and net profits. Its native token HYPE benefits from a revenue-based buyback and burn mechanism, creating deflationary pressure and value accrual. The project has demonstrated resilience and outperformance relative to Bitcoin during recent crypto downturns, making it a compelling crypto infrastructure play.
HYPE MED
Park Se-ik CEO, ex-Chief Strategist 66:36
Buy memory stocks on supply shortage dip
The memory semiconductor cycle remains in a supply shortage with fixed contract prices rising through early next year. After a 35% correction, valuations have normalized and fund flows into semiconductor ETFs (SOX, DRAM ETF) are strong despite price declines, indicating smart money accumulation. Industry capex cannot meaningfully increase supply until 2027-2028, while AI demand continues to grow. This setup presents a buying opportunity in Korean memory leaders Samsung Electronics and SK Hynix as well as US semiconductor ETFs.
SOXX DRAM ETF 005930.KS HIGH
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This Chesley Investment Advisory (체슬리투자자문) video, published July 20, 2026, features Wang Bujang, Jang Chang-min, Jun-yeok, Park Se-ik discussing 300502.SZ, VLO, MPC, AVGO, MRVL, LITE, COHR, AMD, HYPE, SOXX, DRAM ETF, 005930.KS. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Wang Bujang, Jang Chang-min, Jun-yeok, Park Se-ik  · Tickers: 300502.SZ, VLO, MPC, AVGO, MRVL, LITE, COHR, AMD, HYPE, SOXX, DRAM ETF, 005930.KS