Daily Morning Fund Managers' Investment Strategy Meeting Live | Park Se-ik Senior Managing Director & Chesley Investment Advisory

Daily Morning Fund Managers' Investment Strategy Meeting Live | Park Se-ik Senior Managing Director & Chesley Investment Advisory [Morning Brief / 26.08.11.Tue]
Watch on YouTube ↗  |  August 10, 2026 at 22:16  |  2:01:05  |  Chesley Investment Advisory (체슬리투자자문)
Speakers
Wang Jeong — Department Head
Gyun Hyeok — Analyst
Park Se-ik — CEO, ex-Chief Strategist
Choi Ho — Vice President
Haesu Pro — Analyst

Summary

The daily strategy meeting covers China's AI chip maker Cambricon as a high-growth play, a crypto pair trade on Strategy (long STRC, short MSTR), a tactical cruise stock trade tied to oil, and bottom-up picks in TSMC, Nvidia, HD Hyundai Heavy, and Cosmecca Korea amid shifting market leadership.

  • Wang Jeong presents Cambricon Technologies as China's Nvidia with strong domestic substitution growth and 70% upside.
  • Gyun Hyeok highlights a pair trade: long STRC (Strategy preferred) and short MSTR due to aggressive equity dilution.
  • Park Se-ik shares a mean-reversion trade on Carnival Cruise below $25 benefiting from oil volatility.
  • Park Se-ik recommends buying TSMC and Nvidia as quality AI compounders at attractive forward multiples.
  • Choi Ho analyzes HD Hyundai Heavy's record 1 trillion won engine order for a US data center, driving multi-year estimate upgrades.
  • Choi Ho also details Cosmecca Korea's earnings beat, upward guidance revision, and cheap valuation, forecasting a re-rating.
  • Rejected macro theses include broad AI adoption commentary without specific instruments, and Bitcoin miner AI pivot support without a clear trade call.
Ideas
Wang Jeong Department Head 9:18
China's Nvidia with strong growth potential
Cambricon Technologies is China's leading AI GPU designer, benefiting from forced domestic substitution amid US sanctions. The company is in the early stages of high revenue and profit growth, with analysts projecting a 70% upside based on market expansion and long-term earnings estimates. The main risk is easing US-China tensions, which could reduce the urgency for domestic chips.
688256.SS HIGH
Gyun Hyeok Analyst 29:46
Strategy dilution benefits STRC, shorts MSTR
Strategy (MSTR) is heavily diluting common shareholders via continuous at-the-market share sales to fund preferred stock buybacks (STRC), while buying back STRC to support its price. This relative value shift favors a pair trade: long STRC (beneficiary of buybacks) and short MSTR (dilution loser).
STRC MED
Gyun Hyeok Analyst 29:46
Strategy dilution benefits STRC, shorts MSTR
Strategy (MSTR) is heavily diluting common shareholders via continuous at-the-market share sales to fund preferred stock buybacks (STRC), while buying back STRC to support its price. This relative value shift favors a pair trade: long STRC (beneficiary of buybacks) and short MSTR (dilution loser).
MSTR MED
Park Se-ik CEO, ex-Chief Strategist 44:43
Buy Carnival under $25 amid oil volatility
Oil price spikes due to geopolitics push Carnival Cruise shares lower, but oil will inevitably retreat. When Carnival falls below $25, it is a buying opportunity; sell when prices recover. This seasonal see-saw can generate approximately 30% annual returns.
CCL MED
Park Se-ik CEO, ex-Chief Strategist 66:48
AI ecosystem center, buy on weakness
Nvidia remains the central orchestrator of the AI ecosystem, with powerful free cash flow and a newly launched $500bn financing platform to support customers. Even after recent declines, its PER of 19.8x is reasonable for a high-growth quality stock. The structural AI trend sustains the long case.
NVDA HIGH
Park Se-ik CEO, ex-Chief Strategist 67:26
Dominant foundry at cheap valuation, buy
TSMC has a near-monopoly on advanced chip manufacturing with all AI and in-house chip designers forced to use it. Solid earnings momentum and a forward PER of 18.6x make it attractive as a quality compounder. Long-term buy-and-hold should deliver market-beating returns.
TSM HIGH
Choi Ho Vice President 76:44
Data center engine orders drive growth
HD Hyundai Heavy Industries secured a record 1 trillion won engine order for a US data center project, extending visibility to 2030. Supply shortages in ship engines and the high-value power generation segment drive significant earnings upgrades. The stock remains undervalued on forward multiples.
329180.KS HIGH
Choi Ho Vice President 90:20
Beauty ODM with strong earnings, cheap
Cosmecca Korea delivered a sharp Q2 earnings beat with 40% revenue growth, raised full-year guidance again, and is expanding with indie brands and new categories. The stock trades at only 12x forward earnings, a discount to peers, despite stronger momentum. A re-rating to historical highs is likely.
241710.KQ HIGH
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This Chesley Investment Advisory (체슬리투자자문) video, published August 10, 2026, features Wang Jeong, Gyun Hyeok, Park Se-ik, Choi Ho discussing 688256.SS, STRC, MSTR, CCL, NVDA, TSM, 329180.KS, 241710.KQ. 8 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Wang Jeong, Gyun Hyeok, Park Se-ik, Choi Ho  · Tickers: 688256.SS, STRC, MSTR, CCL, NVDA, TSM, 329180.KS, 241710.KQ