Foreigners Dump 2 Trillion in Futures… Beware of Strong Shakes Today / "This" is Needed to Raise SK Hynix Stock Price, With DRAM Sold Out Until 2027 l CEO Lee Kwon-hee

Summary

CEO Lee Kwon-hee analyzes the near-term KOSPI outlook after heavy foreign futures selling and presents several stock ideas. He argues SK hynix is undervalued despite DRAM/HBM sold out until 2027 because it lacks a shareholder return catalyst. He is bullish on S-Oil due to record earnings and improving refining margins, and sees long-term value in resource trading firms LX International and Posco International amid supply chain competition. He warns against chasing a gap-up opening today.

• Foreigners dumped nearly KRW 2 trillion in KOSPI futures at yesterday's close, raising caution for today's session.
• US markets rallied on US-Iran talk hopes and strong ISM manufacturing data; Nasdaq rose 2% led by big tech.
• SK hynix's DRAM and HBM are fully booked until 2027, but the stock lags Nvidia due to the absence of a shareholder return policy.
• S-Oil is attractive on record earnings, strong Q2, Q3 growth outlook, and negative OSP boosting refining margins.
• LX International and Posco International are positioned to benefit from escalating US-China supply chain tensions and resource nationalism.
• Investors are advised to avoid buying the KOSPI gap-up, as intraday selling pressure and a possible upper shadow could emerge.