Market driven by Samsung and SK Hynix... Where are the real opportunities in FOMO market?

Summary

Lee Jae-gyu, a deputy director at SK Securities, discusses the Korean market's FOMO (fear of missing out) driven by surging Samsung Electronics and SK Hynix. He reiterates a long-term bullish stance on memory semiconductors but warns of a near-term pullback in SK Hynix due to extreme divergence. He also highlights structural opportunities in optical fiber stocks and the LS holding company, while advising gradual position building and maintaining cash reserves.

• KOSPI surged past 2,690 led by Samsung and SK Hynix, triggering FOMO among underweight investors.
• Lee reaffirms semiconductors as the leading sector powered by AI capex and strong earnings.
• SK Hynix's 20% divergence above its 20-day MA signals a likely short-term pullback, per historical patterns.
• Optical fiber stocks (Sungwoo Electronics, Daehan Optical Telecom) are structural beneficiaries of expanding internal optical connections.
• LS holding company is favored for its unlisted power-equipment subsidiaries that may unlock value.
• Lee advises against aggressive buying; recommends gradual accumulation and a 20-30% cash buffer.
• Foreign inflows and favorable macro conditions support the market's upward trend.
• Samsung Securities rose on news of its upcoming US market access service.