When Samsung and SK Hynix Rest, an Opportunity? Key Points Not to Miss in the July Semiconductor Market

Summary

The video covers the final trading day of H1 in the Korean stock market, with KOSPI rising 0.97% led by Samsung and SK Hynix, while KOSDAQ gave back some of its previous day's 8% surge. Guests Kim Jang-yeol (Director) and Lee Kwon-hee (CEO) argue that AI-driven semiconductor demand and massive capex plans will keep the memory and equipment sectors strong. They name specific buying levels for Samsung and SK Hynix, highlight equipment, PCB substrate, and MLCC plays, and point to power infrastructure and solar stocks tied to chip clusters. They also single out HVM as a SpaceX play and marine engine makers as a cleaner way to play shipbuilding, while warning about binary risk in Hanwha Ocean and dilution from EcoPro BM's rights issue. Overall they remain bullish on semiconductors and selective in other sectors going into July.

• KOSPI closes up 0.97% as Samsung and SK Hynix rebound sharply; KOSDAQ dips 0.48% but holds most gains from prior session.
• Kim Jang-yeol and Lee Kwon-hee both see recent chip demand fears as overblown and reiterate bullish semiconductor thesis.
• A valuation-based dip-buying framework is explained for Samsung (buy around 315,000 won) and SK Hynix (20-day moving average support).
• Semiconductor equipment stocks (Tes, PSK, PSK Holdings, ISC, Joosung Engineering, EO Technics) are seen as direct capex beneficiaries.
• PCB substrate names (Daeduck, Simtech, TLB, Korea Circuit, Isu Petasys) rally on AI server FC-BGA demand and technical strength.
• Samsung Electro-Mechanics gets a large MLCC supply deal, confirming AI server demand; stock seen as a pure play.
• Power equipment (LS Electric) and solar names (Hyundai Energy Solutions, OCI) are linked to the government’s semiconductor cluster buildout and renewable plans.
• HVM is highlighted as a cheap, high-growth SpaceX supplier with 2024-2028 revenue visibility; marine engine makers are preferred over shipyards for a cleaner shipbuilding play.
• EcoPro BM’s 1.2 trillion won rights issue creates dilution overhang; Hanwha Ocean is too binary on a Canadian submarine contract, so both are to be avoided or handled with caution.