Name: Earnings exploded... Is it the stock price's turn to follow now? Historically undervalued materials, parts, and equipment! | Myeong Min-jun, Park Ga-young, Jeongpro, Park Ji-hoon Manager [Stock Beginner Rescue Team]
Uploaded: 2026-06-18T14:55:48+00:00
Duration: 2826 s

Speakers

Park Ji-hoon — Director, Asset Management Consulting Dept., NH Investment & Securities

Jeongpro — Host

Summary

The panel, featuring NH Investment Securities Manager Park Ji-hoon, discusses Korean equity ideas centered on semiconductors, robotics, and FX-driven themes. Park argues SK hynix will surpass Samsung Electronics in market cap, names PSK Holdings as a deeply undervalued semiconductor equipment play, and highlights HL Mando and Hyundai Mobis as key robotics beneficiaries. He also recommends HD Hyundai Heavy Industries for data-center power demand, Hotel Shilla on weak won tourism, and SK Square as a proxy for SK hynix, while monitoring Alteogen in biotech.

SK hynix seen as likely to become Korea's market cap leader due to memory focus and Kioxia stake.
PSK Holdings highlighted as cheap semiconductor equipment stock with Intel exposure.
Goldman Sachs Korea robotics picks: HL Mando tops, Hyundai Mobis for after-market.
HD Hyundai Heavy Industries compared to Wärtsilä's surge on data-center power.
Weak Korean won boosts Hotel Shilla and tourism-related stocks.
Fund regulation limits drive interest in holding company SK Square.
KOSDAQ tier reform could favor large-cap biotech like Alteogen.

Ideas

Park Ji-hoon Director, Asset Management Consulting Dept., NH Investment & Securities 1:05

SK hynix to become #1 market cap.

SK hynix is poised to overtake Samsung Electronics as Korea's largest market cap. Pure memory focus benefits from legacy memory demand, while Samsung is weighed down by foundry issues and weak cash cow businesses like handsets and appliances. SK hynix also holds a valuable Kioxia stake (invested ~4 trillion won, stock surging) and could re-rate to Micron-like valuation multiples (10-11x P/E) with a potential ADR listing. Despite the psychological risk of a top when it becomes #1, the overall semiconductor sector remains attractive and SK hynix's valuation is still compelling.

Park Ji-hoon Director, Asset Management Consulting Dept., NH Investment & Securities 13:26

Monitor Alteogen for KOSDAQ tier catalyst.

Alteogen is the largest KOSDAQ market cap in biotech and could lead the sector when the new KOSDAQ tier system is implemented in July. The company held up well despite broad biotech selling, and its decision to stay on KOSDAQ to be the top dog could attract passive inflows. He plans to actively monitor the stock.

Park Ji-hoon Director, Asset Management Consulting Dept., NH Investment & Securities 19:47

PSK Holdings trades at 12x forward earnings.

PSK Holdings is a deeply undervalued semiconductor equipment stock. Intel accounts for 15% of its revenue, and the recent Intel rally creates tailwind. Forward P/E based on 2026 earnings estimates is only 12x, making it exceptionally cheap for a semiconductor equipment name. The stock held up well in a weak KOSDAQ environment, suggesting strong institutional interest.

Park Ji-hoon Director, Asset Management Consulting Dept., NH Investment & Securities 28:42

HD Hyundai Heavy mirrors Wärtsilä growth.

HD Hyundai Heavy Industries mirrors the growth story of Finnish marine engine maker Wärtsilä, which surged 150% in a year on demand for ship-based energy solutions for data centers. HD Hyundai Heavy Industries is well positioned in ship engines and can benefit from the same data center power generation trend, giving it meaningful momentum.

Park Ji-hoon Director, Asset Management Consulting Dept., NH Investment & Securities 33:42

HL Mando is Goldman's top robotics pick.

Goldman Sachs named HL Mando as its top Korean robotics pick, highlighting the company's actuator technology. The stock surged on the report. Robotics is a long-term theme, and HL Mando is a key beneficiary in the local value chain as a pure play on actuators for robots and autonomous driving.

Park Ji-hoon Director, Asset Management Consulting Dept., NH Investment & Securities 34:14

Mobis wins from robot after-sales service.

Hyundai Mobis will be the main beneficiary of future robotics after-sales service, analogous to how AS is a huge profit pool in the auto industry. Goldman Sachs highlighted Mobis as its second key Korean robotics play, and the company has actuator parts for Boston Dynamics' Atlas. When robots are mass produced, maintenance and AS revenue will be substantial, making Mobis a long-term cash cow.

Park Ji-hoon Director, Asset Management Consulting Dept., NH Investment & Securities 39:36

Buy SK Square as SK hynix proxy.

Fund managers are hitting single-stock concentration limits on Samsung Electronics and SK hynix. As a workaround, they will buy holding companies to gain additional exposure. SK Square, the holding company of SK hynix, is a direct beneficiary of this forced buying. The 10% cap on active funds means they need holding company proxies.

Park Ji-hoon Director, Asset Management Consulting Dept., NH Investment & Securities 44:10

Hotel Shilla benefits from weak won tourism.

Weak Korean won is boosting inbound tourism, and Hotel Shilla is a direct beneficiary. Despite being expensive, the hotel benefits from non-price-sensitive foreign visitors from Europe and the Americas. FX tailwinds make Hotel Shilla and other hotel/department store names attractive as niche trades.

Earnings exploded... Is it the stock price's turn to follow now? Historically undervalued materials, parts, and equipment!

Summary

Ideas

Up Next