"Semiconductors Are Still Cheap," But Don't Buy in a Hurry | Yoon Jeong-sik, Baro Asset Management Managing Director

Summary

Yoon Jeong-sik, Managing Director at Baro Asset Management, argues that semiconductor fundamentals remain robust despite the selloff and advises phased buying in Samsung Electronics and SK hynix. He highlights financials like KB Financial as defensive plays, sees Kia and Mobis turning positive on earnings, and warns that shipbuilding stocks may fall further short-term. KOSPI's low valuation supports a long-term bullish stance.

• Semiconductor demand remains strong, buy Samsung and SK hynix on dips.
• Financials, especially KB Financial, offer defensive value with good earnings.
• Shipbuilding stocks face further near-term downside despite solid earnings.
• Kia and Hyundai Mobis show positive momentum from earnings turnaround.
• KOSPI trades at historically cheap 6.7x P/E, attractive for long-term investors.
• Phased buying recommended amid high volatility and broken short-term charts.
• AI capex from big tech confirms semiconductor demand trajectory.