If you're stuck with Samjeonnix? Don't expect it all at once, let's set a phased price strategy | Hong Seon-ae, Park Byeong-chang, MP Partners CEO [Yeouido Insight]

Summary

MP Partners CEO Park Byeong-chang provides a phased strategy for Samsung Electronics and SK hynix after a sharp July drop, setting near-term bounce targets based on July 23 price levels. He also discusses KOSPI's likely rebound to 7,200–7,500, the waning influence of leveraged ETFs, and the importance of distinguishing earnings-driven trends from rotational flows, highlighting Korean Kolmar as a strong earnings story. The overall tone is cautiously bullish for a bounce but warns against expecting immediate new highs.

• KOSPI expected to bounce to 7,200–7,500 level as a first target after July's volatility.
• Samsung Electronics first bounce target set at 28,000–30,000 won based on July 23 price.
• SK hynix target at 190,000 won but faces headwinds: delayed shareholder returns, Solidigm IPO concerns, HBM competition.
• Leveraged ETF buying power has faded, reducing the explosiveness of any semiconductor rally.
• Sector rotation underway; investors should shift from heavy semiconductor concentration toward earnings-driven sectors.
• Korean Kolmar cited as an earnings-driven cosmetics stock already in an uptrend before the rotation.
• Key events ahead: Nvidia earnings, Jackson Hole, FOMC, and Korea's September futures/options expiration with Chuseok, which could set the next directional move.