Korea semiconductor equipment stocks, much cheaper than US materials, parts, and equipment, re-evaluation begins / Semiconductor-focused market, the trading strategy now is 'like this' | Director Park Hyun-sang

Summary

Director Park Hyun-sang discusses the market driven by semiconductors, highlighting a re-evaluation of Korean semiconductor equipment stocks versus expensive US peers. He presents specific investment theses on substrate earnings recovery, undervalued clothing sector, KOSDAQ catch-up trade, and a foreign-buying momentum strategy. Cautious on early Monday trading, he urges patience and event monitoring (Micron, PCE, robot exhibitions) while downplaying pension fund fears.

• Korea semiconductor equipment stocks move sharply, seen as cheap compared to US peers that trade at high valuations
• Simmtech and Isupetasys substrate plays benefit from memory recovery and LPDDR5 demand, with Simmtech beginning to guide
• Clothing sector trades at 6-8x earnings, deeply undervalued vs rich department stores, backed by falling inventories and 10% sales growth
• KOSDAQ has lagged KOSPI badly; a catch-up mean-reversion trade is expected
• Short-term foreign-buying focus on Hanmi Semiconductor and Wonik IPS as strong momentum names
• Micron earnings and PCE data are key near-term events; robot/battery exhibition catalysts remain undigested
• Pension fund domestic equity reduction will be gradual, not a sudden headwind
• Avoid aggressive early-Monday trading; let the market settle first