Power Equipment Stocks Plunge in One Month... How to Determine if Now is an Opportunity | Myeong Min-jun, Park Ga-young, Park Ji-hoon

Summary

NH Investment & Securities manager Park Ji-hoon joins hosts Myeong Min-jun and Park Ga-young to discuss markets. He analyzes the oil price backdrop, compares the AI rally to the dot-com bubble, and presents specific stock ideas. Key calls include buying Oracle on post-earnings dips, picking semiconductor equipment name PSK, Korean PCB stocks for memory-driven demand, department stores for a spending boom, and recently beaten-down power equipment stocks set for a rebound on price hikes.

• Park Ji-hoon sees oil in a 85-95 range and a burden on companies, but falling inflation noise may support markets.
• He draws parallels between the AI rally and the dot-com bubble, suggesting a second strong leg if conditions align.
• Oracle's dip on debt issuance is flagged as a buying opportunity within the enduring AI theme.
• PSK is highlighted as a cheap semiconductor equipment play benefiting from TSMC's full capacity and potential Samsung/Intel orders.
• Korean PCB makers (Korea Circuit, Simmtech, Daeduck Electronics, TLB, Haesung DS, Isu Petasys) are recommended on memory upgrade needs and low valuations.
• Department stores are poised for a Q2 earnings surprise driven by foreign tourism and domestic wealth-effect luxury spending.
• Power equipment stocks have plunged but global price hikes, strong export demand, and high exchange rates support a rebound in LS Electric and HD Hyundai Electric.
• Broader caution includes possible won appreciation risk and plateauing growth for department stores later in the year.