Ideas
Market correction is a buying opportunity
The KOSPI's sharp drop is not a trend break; it is a needed correction after a rapid January rally. The market needs to rest until around March and can then regain upward momentum, so this is a buying opportunity rather than a reason to abandon equities.
Memory semiconductor fundamentals remain intact
There is no fundamental problem in memory semiconductors; the selloff was driven by prior overshooting and weakness in Micron and SanDisk. Samsung Electronics and SK hynix remain structurally supported by severe memory shortages and pricing power, though short-term volatility can persist.
SanDisk is buyable despite NAND volatility
NAND is the weakest memory link but margins have recovered to around 30% from losses a year ago, and NAND prices are rising. He said SanDisk was buyable despite guidance concerns, while warning that the volatility is extreme.
Samsung and SK hynix remain too cheap
SK hynix and Samsung Electronics are still too cheap. SK hynix's operating margin is expected around 60% and P/E near 5.8x, so even a multi-fold rise would not make it expensive. Earnings forecasts and target prices should continue to be revised upward, making semiconductor leaders attractive on this correction.
KOSDAQ policy support offers correction buys
Government KOSDAQ promotion, institutional inflows, and spillover from strong semiconductors should support the KOSDAQ. The KOSDAQ can potentially reach 3,000 as money rotates within the market, so index products such as KODEX KOSDAQ 150 Leverage can be considered on corrections.
Buy lagging KOSDAQ sectors on dips
If semiconductor leadership continues, KOSDAQ-listed sectors that have lagged should benefit from rotation. He favors Korean semiconductor equipment/materials, pharma/biotech, and secondary battery names, while being cautious on volatile robotics.
Buy lagging KOSDAQ sectors on dips
If semiconductor leadership continues, KOSDAQ-listed sectors that have lagged should benefit from rotation. He favors Korean semiconductor equipment/materials, pharma/biotech, and secondary battery names, while being cautious on volatile robotics.
KOSPI upside with high volatility
If the Kevin Warsh policy uncertainty resolves well, the KOSPI could rise to 6,500, but it could also fall to 4,500 first. Because the path is uncertain and volatility is high, investors should scale in rather than buy all at once.
Hanwha Aerospace order momentum supports holding
Hanwha Aerospace saw multiple analyst target upgrades and order momentum even after the macro shock. The unchanged or higher targets despite market weakness show confidence; he advises holders to stay with it because order fundamentals support the stock.
SeAH Besteel is a space valuation play
SeAH Besteel Holdings is classified as steel but is effectively a space-themed company. Analysts sharply raised its target price, and its PSR is around 9x versus a global peer at 20-30x; if liquidity remains favorable, it could follow half of the peer's valuation, but investors should wait for earnings estimate convergence.
Liquidity favors space and defense
U.S. liquidity will likely flow into AI, defense, and space rather than low-return areas, so the space and defense investment theme can continue even if the broader market is volatile.
Do not chase overbought Korean equities
Korean equities are in an overheated zone after a rapid rally. Overheat signals alone do not cause declines, but investors should refrain from chasing; wait for a tightening trigger, then buy after pullbacks to the 50-day or, if tightening is severe, the 100-day moving average.
Soft AI trades are policy-sensitive
So-called Soft AI sectors—quantum computing, SMR, space rockets, and next-generation energy—have little near-term earnings but are highly sensitive to monetary policy. They surge when easing expectations rise and fall hard on tightening; investors should buy them after tightening-driven selloffs if fundamentals remain intact.
Reduce equity risk after sharp drop
After a 5% index drop, investors must manage risk. This is not a signal to sell everything, but it is prudent to reduce equity exposure and avoid margin and misoo; if a rebound does not come tomorrow, forced selling could extend the decline.
Prefer KOSPI over overheated KOSDAQ
KOSPI is now more attractive than KOSDAQ. KOSPI P/E around 10x is not expensive versus China, Taiwan, and Europe, and earnings estimates are rising; KOSDAQ rallied too far too fast from 800 to 1,100 on retail leverage and lacks sufficient institutional and National Pension inflows.
Prefer KOSPI over overheated KOSDAQ
KOSPI is now more attractive than KOSDAQ. KOSPI P/E around 10x is not expensive versus China, Taiwan, and Europe, and earnings estimates are rising; KOSDAQ rallied too far too fast from 800 to 1,100 on retail leverage and lacks sufficient institutional and National Pension inflows.
Holding companies are cheap after selloff
Korean holding companies sold off sharply despite valuation appeal. SK Inc, LS Corp, and Hanwha Corp fell 5-12% and offer price merit, making them more attractive than chasing KOSDAQ.
Avoid overextended KOSDAQ leverage ETF
KODEX KOSDAQ 150 Leverage is too dangerous after a roughly 40% two-week surge. Investors should not buy it; the product's rapid rise signals short-term overheating in KOSDAQ.
Rotate from semiconductors to entertainment/cosmetics
He recommends reducing semiconductor exposure and rotating toward entertainment and cosmetics, which began rising from last Friday and may benefit as the market rotates away from crowded semiconductors.
Rotate from semiconductors to entertainment/cosmetics
He recommends reducing semiconductor exposure and rotating toward entertainment and cosmetics, which began rising from last Friday and may benefit as the market rotates away from crowded semiconductors.
SK hynix buy on correction
SK hynix's DRAM operating margin reached 68%, 2026 operating profit is expected around 143 trillion won, and supply remains tight with limited bit growth but rising ASPs. Memory is in a supplier-friendly market, so the stock is attractive on corrections and target prices are rising.
Samsung benefits from NAND AI cycle
If SK hynix's report emphasizes NAND and AI inference memory, Samsung Electronics—whose main exposure includes NAND, DRAM, and legacy memory—should also be re-examined. Samsung could see renewed interest as the memory cycle broadens.
LG Energy Solution needs EV trigger
LG Energy Solution's ESS business is expected to turn profitable and grow strongly, but that alone cannot offset the North America EV shock. The stock needs a new North America EV contract or higher EV sales to become a clear bullish trigger.
Wait to buy Hyundai Rotem
Hyundai Rotem's Q4 missed consensus, and defense solution revenue has a gap until Poland's second phase begins. Earnings should be flat in 2026 and grow from 2027, so existing holders can hold but new buyers should wait, likely until autumn.
Leeno Industrial dip is fundamental buy
Leeno Industrial's recent rally was driven by ETF and supply-demand flows rather than fundamentals. If the stock corrects due to those flows, its fundamentals should re-emerge as the key driver, creating a buying opportunity.
This 3PRO TV (삼프로TV) video, published February 02, 2026,
features Lee Chang-dae, Kim Jang-yeol, Lee Eun-taek, Lee Jae-kyu, Cha Young-joo
discussing EWY, 005930.KS, 000660.KS, SNDK, KOSDAQ, 233740.KS, Korean semiconductor equipment/materials, XBI, LIT, Korean Robotics, 012450.KS, 001430.KS, ITA, Korean equities, QUBT, SMR, ARKX, Next-generation energy, 034730.KS, 006260.KS, 000880.KS, Korean Semiconductors, Korean entertainment, Korean cosmetics, 373220.KS, 064350.KS, 058470.KQ.
25 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Lee Chang-dae,
Kim Jang-yeol,
Lee Eun-taek,
Lee Jae-kyu,
Cha Young-joo
· Tickers:
EWY,
005930.KS,
000660.KS,
SNDK,
KOSDAQ,
233740.KS,
Korean semiconductor equipment/materials,
XBI,
LIT,
Korean Robotics,
012450.KS,
001430.KS,
ITA,
Korean equities,
QUBT,
SMR,
ARKX,
Next-generation energy,
034730.KS,
006260.KS,
000880.KS,
Korean Semiconductors,
Korean entertainment,
Korean cosmetics,
373220.KS,
064350.KS,
058470.KQ
