Don't Follow KOSDAQ's Gentle Rebound, Watch This Stock While Semiconductors Rest | Myung Min-jun, Kang A-rang, Lee Kwon-hee

Summary

Lee Kwon-hee, CEO of Wizwave, shares his outlook for July and H2 2024. He expects a near-term consolidation in Samsung Electronics and SK Hynix but remains extremely bullish long-term. He identifies opportunities in power equipment, renewable energy, and semiconductor equipment sectors as semiconductors rest. He also discusses the impact of exchange rates and provides selective picks in secondary batteries.

• Samsung Electronics and SK Hynix may consolidate for several weeks but should be held for long-term upside.
• Power equipment stocks like LS Electric and Hyosung Heavy show strong uptrends.
• Renewable energy names rebounding on Korea's 90GW solar plan.
• Semiconductor equipment to benefit from mega fab projects for 10-20 years.
• Large-cap battery stocks with completed funding are preferred due to rights issue risk.
• Exchange rate weakness is not causing foreign selling; it's portfolio rebalancing.
• KOSPI likely range-bound short-term but no major downside.