Name: What if performance is good but stock price drops up to 50% from its peak? | Myeong Min-jun, Park Ga-young, Park Ji-hoon [Stock Beginner Rescue Squad]
Uploaded: 2026-07-09T13:30:17+00:00
Duration: 3023 s

Speakers

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

Summary

NH Investment & Securities manager Park Ji-hoon discusses the Korean stock market, arguing that semiconductors Samsung and SK hynix are still in a powerful AI capex cycle and will maintain an uptrend. He sees a market bottom signal from massive retail selling, identifies HYBE as a bottom-fishing candidate, flags Samyang Foods as unattractive due to gift tax timing, and calls power equipment the most reliable sector to buy on dips. The conversation also covers side themes like semiconductor equipment technical patterns, NPS accumulation, and China vs. Korea money flows.

Semiconductor stocks Samsung and SK hynix are in stage 2 of the AI technology cycle and will keep rising.
Today's large individual selling resembles previous market bottoms, hinting at a KOSPI bottom.
HYBE appears as a bottom-fishing play backed by strong earnings growth and potential NPS buying.
Samyang Foods shares face short-term pressure from the chairman's gift-tax timing.
Power equipment is the most trustworthy AI infrastructure play; buy on corrections.
Semiconductor equipment stocks bounced off their 60-day moving averages, offering a watch pattern.
National Pension Service is reportedly accumulating beaten-down KOSPI stocks with improving earnings.
Some rotation into Chinese tech (Alibaba, Tencent) on valuation grounds creates an uncomfortable headwind for KOSPI.

Ideas

Park Ji-hoon Director, Asset Management Consulting Dept., NH Investment & Securities 5:49

AI capex cycle drives semiconductor uptrend.

Samsung Electronics and SK hynix are in the second stage (capex/infrastructure) of the AI technology cycle, where noise occurs but a major uptrend typically follows. Both companies will continue an upward trend through the second quarter of next year, supported by a combined 250 trillion KRW in buybacks and dividends, even if foreign flows slow. No intention to sell; PER around 5x is attractive and retail money is concentrated here.

Park Ji-hoon Director, Asset Management Consulting Dept., NH Investment & Securities 12:01

Retail selling signals KOSPI bottom.

Today's individual investor selling (over 2 trillion KRW) matches the pattern of previous market bottoms, where three times in the past retail dumped more than 4 trillion KRW and each time marked a bottom. This is a signal the market is near a bottom, and foreign investors are expected to continue buying.

Park Ji-hoon Director, Asset Management Consulting Dept., NH Investment & Securities 34:17

Gift tax timing suppresses Samyang Foods shares.

Samyang Foods chairman gifted shares to his children, and to minimize gift tax the company would prefer the stock price to stay low until the gift tax valuation period (60-day average) ends in about a month. This creates short-term share price suppression, making it unattractive now.

Park Ji-hoon Director, Asset Management Consulting Dept., NH Investment & Securities 42:18

HYBE bottom fish with strong earnings growth.

HYBE is a candidate for bottom-fishing: earnings are surging from 50 billion to 640 billion won operating profit, the stock has fallen 30-50% from its peak, and the National Pension Service is reportedly accumulating beaten-down KOSPI mid/large-caps with improving earnings. HYBE could be on that list, so buying a small position makes sense.

Park Ji-hoon Director, Asset Management Consulting Dept., NH Investment & Securities 49:18

Buy power equipment stocks on dips.

Power equipment is the most reliable sector in the current AI infrastructure build-out (capex stage 2). Any corrections should be viewed as buying opportunities rather than reasons for caution.

What if performance is good but stock price drops up to 50% from its peak? | Myeong Min-jun, Park Ga-young, Park Ji-hoon [Stock Beginner Rescue Squad]

Summary

Ideas

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