Ideas
CATL valuation bottomed earnings growth strong
CATL remains the global number one battery maker with about 40% market share. Despite EV growth concerns, 2Q revenue rose 60% y/y and net profit rose 36.5% y/y; ESS revenue jumped 88% with gross margin expanding to about 24%. Battery shipments rose 55% y/y. Valuation has fallen to the bottom of PER/PBR ranges; applying 20x forward P/E gives target price around 492 yuan, about 47% above last close, so valuation is not expensive.
Copper fertilizer prices lift Korean suppliers
Copper and nonferrous metal prices hit record highs on LME inventory declines, electrification demand and US-Canada tariff noise; world food price index reached the highest since 2022 and fertilizer prices rose. Korean nonferrous manufacturers and fertilizer/agriculture-related names should be watched, including Poongsan, Korea Zinc, Daehan Cable, LS and fertilizer theme stocks.
Nuclear power stocks ride AI electricity demand
AI data center buildout is creating a power-grid and nuclear narrative. Bill Gates-backed TerraPower plans SMR electricity production in the UK by 2034, S&P 500 inclusion news lifted related names and US project announcements boosted nuclear stocks. Domestic Korean nuclear power stocks are expected to be strong again.
Bitcoin long-term chart intact
Bitcoin's long-term chart has not broken down at all. New York Fed inflation expectations came in below consensus, supporting crypto sentiment. Strategy and Bitmain activity also appear supportive.
Strategy ATM pause removes supply overhang
Strategy did not buy or sell bitcoin last week and for the first time in weeks did not use its ATM to issue MSTR common stock, suggesting its cash level has been satisfied. It continues buying STRC preferred stock, and the main MSTR overhang is MSCI exclusion; overall sentiment is no longer as negative.
Circle Q4 chain revenue could re-rate stock
Circle's acquisition of Singapore-based TataPay and September 16 Arch chain mainnet launch expand its payment/stablecoin rail story. The stock has partly pre-reflected the launch, but if new chain revenue appears in Q4, another price jump is possible. Q2 revenue mix stagnated because short-end stablecoin yield income came back.
Robinhood chain revenue leverage supports turnaround
Robinhood's daily chain revenue is off its peak but still near a bullish scenario, and chain revenue as a new market can lift multiples. If the crypto market expands, Robinhood has more leveraged re-rating potential. Turnaround is already underway.
AI semiconductor supply chain underinvestment opportunity
Morgan Stanley's Astra/GPT6 report argues AI bottleneck investment logic is strengthened; underinvestment risk is greater than overinvestment. They focus on AI computing, networking and memory because these benefit directly from AI capex. Hyperscaler and neo-cloud capex is estimated to rise from $445B last year to $1.39T by 2027; scale-up networking CAGR of 46% is expected from 2026 to 2030. Beneficiaries include Nvidia, AMD, Broadcom and MediaTek in computing, Corning, Lumentum and Coherent in networking, Samsung, SK hynix, Kioxia and CXMT in memory, plus ASML and Tokyo Electron in equipment.
KOSPI solid with foreign inflows
Korean market is solid despite intraday reversals. Foreign investors have bought roughly 10 trillion won in stocks and futures over recent days. After mild consolidation in September, KOSPI is expected to push higher into late September and October as long as foreign selling does not resume.
SM Entertainment best K-pop fundamental
SM Entertainment has the most stable fundamentals among Korean entertainment companies. After Lee Soo-man's departure, debut cadence increased and the artist lineup deepened; S8, Rise, NCT Wish and Hearts2Hearts provide growth, SMTR25 offers debut momentum, and the TME China JV plus Shanghai store support China expansion. Earnings volatility has fallen and SM is the best merit name in the K-pop group.
This Chesley Investment Advisory (체슬리투자자문) video, published September 09, 2026,
features Wang, Hae-su, Oh, Park Se-ik, Choi Ho
discussing CATL, 010130.KS, LS, 103140.KS, 001440.KS, Korean fertilizer stocks, GEV, KORU, OKLO, SMR, BTC, MSTR, CRCL, HOOD, SMH, AMD, LITE, NVDA, AVGO, GLW, COHR, KS, ASML, EWY, KQ.
10 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Wang,
Hae-su,
Oh,
Park Se-ik,
Choi Ho
· Tickers:
CATL,
010130.KS,
LS,
103140.KS,
001440.KS,
Korean fertilizer stocks,
GEV,
KORU,
OKLO,
SMR,
BTC,
MSTR,
CRCL,
HOOD,
SMH,
AMD,
LITE,
NVDA,
AVGO,
GLW,
COHR,
KS,
ASML,
EWY,
KQ
