"Money will flow here after semiconductors!" Sector rotation market begins... Secondary battery rebound timing & just watch 'this' for Hyundai Motor

Summary

CEO Kim Min-soo discusses the sector rotation in the Korean stock market, highlighting the secondary battery sector's potential rebound driven by rising lithium prices and new battery technologies like ESS and solid-state. He advises caution on cosmetics due to second-half inventory risks, prefers Hyundai Mobis over Hyundai Motor for governance restructuring benefits, and remains highly bullish on semiconductor equipment and substrate stocks due to surging order backlogs and expected structural shortages.

• Battery material companies are expected to outperform cell makers as lithium prices rebound.
• Samsung SDI and LNF are highlighted as key beneficiaries of ESS demand and next-generation battery developments.
• Ecopro and Ecopro BM face short-term overhang risks due to upcoming rights issues.
• Cosmetics stocks face second-half order gaps, though APR remains a strong buy-on-dip candidate.
• Hyundai Mobis is favored over Hyundai Motor as the ultimate beneficiary of the group's governance restructuring.
• Semiconductor equipment stocks are poised to rise as front-end order backlogs have more than doubled.
• Semiconductor substrates, particularly ABF, are expected to face severe shortages through 2028, benefiting companies like Simmtech.