Park Byeong-chang CEO's July Investment Strategy! Proposes Shifting from 8:2 to 5:5 Allocation

Summary

MP Partners CEO Park Byeong-chang presents his July investment strategy, advocating a shift from an 8:2 semiconductor-heavy portfolio to a 5:5 allocation. He believes the semiconductor trend remains intact but recommends rotating into power/energy sectors benefiting from US manufacturing revival and Korean mega projects. He expects active institutional funds to drive a stock-picking environment in H2, while cautioning about Fed policy uncertainty.

• Park Byeong-chang sees semiconductor leadership persisting but advises reducing weight from 80% to 50%.
• He highlights power/energy (transformers, transmission, nuclear) as the key rotation destination.
• US manufacturing revival and Korea's three mega projects are cited as catalysts for power equipment demand.
• Active institutional funds are expected to lead market flows, creating a stock-picking rather than passive ETF environment.
• The overall market sentiment remains bullish on semiconductors, with any dips viewed as buying opportunities.
• Fed policy is flagged as the biggest risk, with base case of rates staying on hold but uncertainty around Kevin Warsh's potential role.
• Specific stocks named include Samsung Electronics, SK Hynix, LS Electric, Hyosung Heavy Industries, and Doosan Enerbility.
• He advises monitoring policy-driven sectors and being flexible in a broadening market.