Who's Next After Semiconductors and Materials/Parts/Equipment? July's Leading Stock List with Exploding Performance | Myeong Min-jun, Park Ga-young, Park Ji-hoon

Summary

Park Ji-hoon, manager at NH Investment Securities, presents his July outlook, arguing that psychological pessimism is ending and rational optimism is beginning. He sees market broadening beyond Samsung Electronics and SK Hynix, highlighting ideas in power equipment, Hyundai Motor's turnaround, iPhone foldable hinge suppliers, semiconductor equipment, Celltrion, KEPCO, nuclear-related construction, Hanwha Ocean's submarine deal, and Korean Air on lower oil prices. He also addresses risk factors such as ADR listing outflow and margin debt levels.

• Park Ji-hoon believes the market hit a psychological bottom and expects a broadening rally into Q3.
• Power equipment stocks (HD Hyundai Electric, Hyosung Heavy, LS Electric) are laggards that should rebound on strong Q2 earnings and order backlogs.
• Hyundai Motor is a turnaround watch with new EV lineup and massive investment, despite losing domestic share to Tesla and BYD.
• iPhone foldable hinge supplier Pinetec is benefiting ahead of Apple’s foldable launch.
• Semiconductor equipment stocks (Jusung Engineering, Wonik IPS, HPSP) are must-buys driven by the continued memory capex cycle.
• Celltrion surprised with strong earnings and institutional buying, standing out in a weak biotech sector.
• KEPCO is deeply undervalued relative to its profit turnaround, and a US nuclear collaboration would be a huge catalyst.
• Event-driven opportunities include Hanwha Ocean’s Canadian submarine bid and construction stocks on potential nuclear project news.
• Low oil prices could support Korean Air, while overall market credit risk remains manageable.