Ideas
Buy KOSPI large caps on dips
Korean market volatility is driven by abundant retail and ETF liquidity with no central anchor; if cash-heavy, buy KOSPI large caps on split purchases because the market remains a liquidity-driven uptrend and foreigners may return after stabilization.
Stay cautious; KOSPI may test 5,000
Today's selloff is more concerning than Monday because it reflects AI software disruption and funding fears, not just rates; if the US does not rebound, KOSPI could break 5,100 and threaten 5,000, so stay conservative and wait for confirmation.
Avoid AMD, Oracle on funding risk
Open-source and agentic AI tools like OpenClaw and Anthropic's Claude Cowork threaten software incumbents and may choke private-equity and VC funding for AI hardware; the weakest links are AMD and Oracle because of their dependence on OpenAI-related capex.
Alphabet fundamentals strong despite no reaction
Alphabet's earnings were strong with 30% cloud margins, 48% cloud growth, and capex guidance far above expectations, so cash-generating platforms are fundamentally healthy even if the stock did not react.
Hold Samsung, SK hynix; wait sentiment
Samsung Electronics and SK hynix are not expensive and should not be sold at current valuations, but foreigners and institutions need sentiment stabilization; wait for the Alphabet reaction and NVIDIA earnings before adding.
Prefer Samsung and SK hynix
Samsung Electronics and SK hynix are undervalued relative to expected operating profit; if both semiconductors and batteries fall, prefer semiconductors, and first-tranche buying is reasonable for those without exposure.
Broadcom benefits from Google capex rebound
Broadcom should rebound because it is a key beneficiary of Alphabet and Google data-center capex, and if Alphabet recovers, Broadcom likely follows.
Korean banks benefit from value rotation
The US growth-versus-value allocation gap should narrow; if US growth slows, banks can lead, and Korean bank holding companies such as Shinhan Financial Group and KB Financial can follow the value rotation.
Hyundai Motor below 500k attractive
Hyundai Motor is being sold by foreigners due to short-term overextension and tariff concerns; below 500,000 won it is a long-term opportunity and he may add if it falls further.
Korean solar firms gain from China curbs
Solar is a fresh theme driven by SpaceX and space solar demand, China's removal of export tax rebates, and US restrictions on Chinese modules; Korean solar firms such as HD Hyundai Energy Solutions can receive orders and benefit.
Korean chemicals/steel improve on restructuring
Korean chemicals and steel may improve in 2026 through restructuring and China stimulus, though Lotte Chemical's own earnings remain a burden.
Korean Air preferred airline play
Korean Air is the preferred airline play because its China-route revenue exposure is not as high as perceived and leading airline stocks attract liquidity when the sector rebounds.
KakaoBank needs higher target to chase
KakaoBank has stablecoin, M&A, and AI narratives, but current analyst target prices cap upside; only chase if a broker sharply raises its target above 40,000 won.
Raise cash on FX liquidity drain
The exchange-rate move is the key driver: Bessent's shift to strong-dollar and no-FX-intervention policy is pulling liquidity to the US and out of Korea; bitcoin, gold, silver, and global markets show liquidity stress, so raise cash to about 30% and stay defensive until the FX stance stabilizes.
Avoid gold and silver now
Gold and silver are no longer safe liquidity hedges because both fell even as Bitcoin fell, signaling broad liquidity drain; he sees no need to bet on precious metals now.
AI hardware dips are opportunities
AI hardware is not broken fundamentally; he is not worried about hardware and would treat declines as opportunities, but near-term needs NVIDIA earnings to restore confidence after Alphabet's strong capex was ignored and AMD fear dominated.
Apple leads value rotation
Apple is strong because money is rotating from AI and tech into value and quality; AI-excluded companies with solid earnings are preferred.
Buy Korean inbound consumption beneficiaries
Korean inbound and China-consumption beneficiaries such as cosmetics, hotels, casinos, and travel are real, not just theme; Chinese tourist growth will show up in numbers, and the small sector can rise steeply as money rotates.
NVIDIA earnings key for AI hardware
NVIDIA earnings are the key catalyst to calm AI-hardware funding fears; until then, hardware may trade weak.
China memory expansion threatens supply
Chinese memory makers CXMT and YMTC are expanding aggressively, which creates medium-term supply and competition risk for memory semiconductors even if current prices are strong.
Bitcoin lacks bottom, downside risk
Bitcoin may fall further because Michael Burry's collapse scenario and MicroStrategy's forced-selling risk create reflexive downside; historical 70-80% drawdowns imply much lower prices, and Bessent said the US will not buy BTC strategically. No bottom signal yet.
MicroStrategy faces forced-selling risk
MicroStrategy is a forced-seller risk if Bitcoin keeps falling, because its levered BTC accumulation model reverses when its equity value falls below its Bitcoin holdings.
Solar depends on space theme
Solar is tied to the space theme; it can rally only if space-related stocks hold up, and China's anti-involution and polysilicon cuts plus US restrictions support Korean solar suppliers, but the move is already too sharp.
APR grows rapidly in US/Japan
APR is a specific winner with US sales up 270%, Japan up 289%, total revenue more than doubled, and Ulta Beauty and Europe expansion still ahead; target prices were broadly raised.
Celltrion benefits from PBM reform
Celltrion is different from KOSDAQ biotech because its biosimilar and CDMO business and PBM reform exposure should benefit from US drug-pricing reform, unlike platform and new-drug names that have damaged momentum.
Buy KOSDAQ ETF after correction
If the market corrects and rebounds, buy KOSDAQ ETF because government policy support, separation from KOSPI, and pension-fund allocation could push KOSDAQ above 1300, and bio names could rise harder.
KakaoBank improves on NIM, M&A
KakaoBank is positive because Q4 NIM recovery, loan growth, stablecoin narrative, and capital acquisition improve funding cost and business diversification; it is not just a stablecoin story.
Buy SanDisk/Micron on Alphabet rebound
Micron and SanDisk trade at similar forward multiples around 10x; SanDisk has higher beta and would be bought if it falls more, while Micron is safer, and both can rise if Alphabet rebounds.
GigaVis benefits from FC-BGA capex
GigaVis is a beneficiary of higher Ibiden FC-BGA substrate capex and inspection equipment demand; reports show a valid 70,000-80,000 won target, with momentum mainly in 2027.
Memory price growth may slow
Memory prices are likely to peak in rate-of-change in Q1 and slow in Q2, with margins peaking around Q3; stocks may trade flat into Q2 and Q3 but are not expensive, so watch the cycle.
Qualcomm hurt by memory shortages
Qualcomm is vulnerable because memory shortages and high memory prices hurt smartphone makers, causing lower handset production and weaker Qualcomm guidance.
Tese and Solbrain have valuation upside
Among recent semiconductor equipment reports, Tese and Solbrain still screen as having valuation upside after the run.
ETF-flow winners may reverse
Certain names such as Ecopro BM, Rainbow Robotics, Rino Industrial, SPG, and Wonik IPS were highly sensitive to ETF flows in late January, so their sharp inflows can reverse on outflows and investors should be cautious.
KOSDAQ policy benefits growth sectors
KOSDAQ policy is critical; if policy shifts household loans toward corporate venture capital, potential growth could rise, benefiting KOSDAQ areas like robotics, AI, aerospace, and defense.
Copper faces short-term correction
Copper faces a short-term correction because JP Morgan warns of elevated global inventories and weakening speculative positioning; recovery signals may only appear in Q2.
Coherent benefits from optical interconnect shift
Coherent is a key US optical-interconnect play because copper interconnect is hitting physical limits, and optical links are needed between chips and servers; no comparable Korean stock exists.
Watch cooling tech on dips
Data-center cooling is a structural bottleneck because power and heat are physical constraints; related cooling technology should be watched on pullbacks.
KakaoBank beats; dividend and NIM improve
KakaoBank's Q4 net profit beat consensus, loan growth and NIM recovered, credit costs are controlled, dividend payout is 45% supporting high-dividend ETF and fund inclusion, and stablecoin plus capital M&A add narrative.
Samsung SDI ESS setup improving
Samsung SDI has a new ESS narrative and heavy foreign buying, with the chart at a bottom; she has not been positive on batteries but says the view may need to change if ESS momentum continues.
Kiwoom benefits from trading boom
Kiwoom Securities should benefit from a trading boom: average daily trading value is near 100 trillion won, credit interest is capped by equity, and brokerage revenue can almost double versus 2024, with volatility helping securities firms.
DearU grows via subscriptions and China
DearU should grow through subscription price hikes, FX effects, and China, Hong Kong, and Japan artist expansion; it is a high-margin platform with no cost of goods sold, and the NCT enlistment-related MAU drop was offset.
Hanatour earnings recover strongly
Hanatour's Q4 operating profit rose 274%, operating margin reached 15%, the best since 2012; China route passengers rose 23%, mobile MAU hit a record, and the inbound platform plus a low base support a 2026 recovery.
This 3PRO TV (삼프로TV) video, published February 05, 2026,
features Lee Jae-kyu, Kim Jang-yeol, Jang Ho-jin, Cha Young-joo
discussing EWY, AMD, ORCL, GOOGL, 005930.KS, 000660.KS, AVGO, 055550.KS, 105560.KS, 005380.KS, 322000.KS, Korean chemicals/steel, 003490.KS, 323410.KS, GLD, SILVER, AI Hardware, AAPL, Korean inbound tourism, Korean cosmetics, Casino/hotel/travel, NVDA, SMH, BTC, MSTR, TAN, 278470.KS, 068270.KS, KOSDAQ, MU, SNDK, 420770.KQ, QCOM, 095610.KQ, 357780.KQ, 247540.KQ, 277810.KQ, 058470.KQ, 058610.KQ, 240810.KQ, COPPER, COHR, Data center cooling, 006400.KS, 039490.KS, 376300.KQ, 039130.KS.
42 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Lee Jae-kyu,
Kim Jang-yeol,
Jang Ho-jin,
Cha Young-joo
· Tickers:
EWY,
AMD,
ORCL,
GOOGL,
005930.KS,
000660.KS,
AVGO,
055550.KS,
105560.KS,
005380.KS,
322000.KS,
Korean chemicals/steel,
003490.KS,
323410.KS,
GLD,
SILVER,
AI Hardware,
AAPL,
Korean inbound tourism,
Korean cosmetics,
Casino/hotel/travel,
NVDA,
SMH,
BTC,
MSTR,
TAN,
278470.KS,
068270.KS,
KOSDAQ,
MU,
SNDK,
420770.KQ,
QCOM,
095610.KQ,
357780.KQ,
247540.KQ,
277810.KQ,
058470.KQ,
058610.KQ,
240810.KQ,
COPPER,
COHR,
Data center cooling,
006400.KS,
039490.KS,
376300.KQ,
039130.KS
