Ideas
KOSPI uptrend intact but watch 7,000.
KOSPI made a new closing high and is riding its 5-day moving average in a strong bull market; after a more than 20% correction it has no overhead resistance. The 6,800-7,000 area is psychological resistance, but Lee says the uptrend is not broken, so investors can stay invested and should watch for a trend break before selling.
Big tech capex is semiconductor catalyst.
Tomorrow's earnings from Meta, Microsoft, Amazon, Alphabet, and Qualcomm will focus on AI data-center capex. If capex is larger than expected, semiconductor stocks could gap up; if companies signal slower spending, semis could fall. Lee leans toward more capex but flags a possible negative surprise as the key near-term catalyst for the AI semiconductor complex.
Nvidia and Broadcom look fine to buy.
If investors have spare funds, Lee says US AI semiconductor leaders Nvidia and Broadcom are fine to buy because AI data-center spending remains attractive, although he still favors Samsung Electronics on valuation when choosing among Nvidia, SK hynix, and Samsung.
SK hynix is also very cheap.
Lee says SK hynix is also very cheap and exposed to AI memory demand, but when forced to choose among SK hynix, Samsung Electronics, and Nvidia he still prefers Samsung.
Samsung is cheapest AI memory re-rating play.
Lee would choose Samsung Electronics over SK hynix and Nvidia because it is the cheapest and most attractive of the three. The labor strike has artificially held the stock down, so resolution would remove a drag; without the strike it could already be much higher. The AI memory cycle may be shifting from commodity DRAM to custom DRAM and HBM, where orders are customer-specific and cannot be resold, potentially giving memory makers foundry or TSMC-like valuations. Samsung has foundry design and advanced process technology, so if it applies this to DRAM, earnings and valuation could double; he cites KB's 360,000 won target and says the PER could expand from mid-single digits to 10-15x.
Lotte Chemical recovery hinges on naphtha.
Lotte Chemical has suffered a long downturn from Chinese overcapacity and losses since 2022, but Korean government-led petrochemical restructuring and an oil-driven naphtha spike are creating expectations for faster loss reduction and a sooner return to operating profit. The recovery is conditional on no further plant additions, demand recovery, and favorable naphtha prices; if oil and Iran tensions stabilize, the stock could pull back, so Lee presents it as a setup to monitor rather than a clean buy.
Oil spike lifts Korean refiners and petrochemicals.
Korean refining and petrochemical stocks such as S-Oil, SK Innovation, GS Holdings, HD Hyundai, and Kumho Petrochemical rose as crude oil surged above $100 and investors priced in supply-chain disruption. Lee says beginners do not need to chase them now, but the oil-linked complex is worth understanding because it can become buyable when the cycle improves.
POSCO Holdings lithium brine nears production.
POSCO Holdings is rising because its Argentine lithium brine project is nearing production, adding a lithium growth driver to its steel business. After falling from a 760,000 won high to around 470,000 won, Lee thinks it could reach about 500,000 won but advises investors not to chase the spike and instead wait for a pullback.
Samsung SDI valuation looks too optimistic.
Samsung SDI is the current second-battery leader and its loss narrowed, but LS Securities cut it to Hold with a 618,000 won target versus a 710,000 won price. EV battery sales are expected to decline 7% amid competition, Chinese players dominate that market, and the high valuation is not justified by growth; Lee agrees about 90% with this cautious view and says new buying near 700,000 won is difficult while holders should consider reducing.
This 3PRO TV (삼프로TV) video, published April 29, 2026,
features Lee Kwon-hee
discussing ^KS11, SMH, NVDA, AVGO, 000660.KS, 005930.KS, 011170.KS, 010950.KS, 096770.KS, 078930.KS, 267250.KS, 011780.KS, 005490.KS, 006400.KS.
9 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Lee Kwon-hee
· Tickers:
^KS11,
SMH,
NVDA,
AVGO,
000660.KS,
005930.KS,
011170.KS,
010950.KS,
096770.KS,
078930.KS,
267250.KS,
011780.KS,
005490.KS,
006400.KS
