Ideas
Staples outperform during tech market weakness.
In a tech-led correction, funds are rotating into staples and defensive cash-flow names; Walmart crossed $1T market cap, Costco is solid, and PepsiCo is strong with shareholder returns, making them alternatives while tech is unstable.
Gold and silver are safe-haven rebound plays.
After speculative leverage was flushed out, gold and silver are rebounding as safe-haven assets; central banks and sovereign funds are accumulating them amid geopolitical tension, dollar-debasement concerns, and Dalio's capital-war warning.
Bitcoin remains vulnerable to rate pressure.
Bitcoin is the most rate-sensitive risk asset and has broken to its lowest since November 2024; prediction markets even discuss $59k, so the bottom battle is ongoing despite some strategic buyers accumulating.
Palantir growth remains exceptional and underappreciated.
Palantir's results showed commercial revenue and RPO surging, with Rule of 40 above 127, indicating customers are lining up; even though valuation opinions are split, the company is a rare high-growth software winner in a weak tape.
AI data-center and power demand keep growing.
AI data centers require memory and optical fiber, and power demand is unavoidable; Teradyne is surging on AI semiconductor test demand and Eaton, a power-equipment company, remains attractive despite soft guidance.
Critical minerals benefit from strategic stockpiling.
A $12B U.S. critical-minerals stockpile plan is driving rare-earth and mineral stocks higher, with USA Rare Earth up sharply and Europe considering its own move; the strategic-resources theme is strengthening.
FedEx freight value is underappreciated.
FedEx's freight business is not fully reflected in its valuation because the market treats it as a package carrier, but its cargo/freight network should become more valuable in a pre-war/strategic competition environment.
Shipping and shipbuilding benefit from logistics competition.
If geopolitical competition and pre-war resource logistics continue, companies moving goods, including shipping and shipbuilding names, should keep attracting interest as strategic assets.
BDC prices lead AI funding conditions.
AI capex increasingly depends on debt and private credit, so AI stock investors should watch listed BDCs and the BIZD ETF; their share prices lead AI stocks and signal whether funding is tightening.
Commodities lead; copper and oil favored.
Commodities, especially copper and industrial metals, are consistently leading markets, with oil also supported by Middle East risk; he expects the broad commodity complex to keep outperforming.
Korea leads emerging markets on inflows.
Korea was the top-performing major market and remains a top EEM weight; foreign inflows into emerging-market ETFs should keep favoring Korea, and he views KOSPI/KOSDAQ index or ETF investing as reasonable.
Emerging markets outperform on commodity strength.
Emerging-market equities are outperforming the U.S. and seeing large inflows into EEM; resource-rich markets such as Brazil, Chile, Colombia, Mexico, and South Africa are especially strong as commodity prices rise.
Dollar cycle likely turns weaker.
The 14-year dollar upcycle is likely turning; dollar valuation is stretched, foreign demand for dollar assets may fall, and Trump/Warsh policy favors a weaker dollar, making dollar weakness more likely.
Memory prices drive continued earnings upgrades.
DRAM/NAND prices are the key indicator: SanDisk and Western Digital have soared, DDR4/DDR5 spot and contract prices are rising sharply, and memory makers' earnings are being revised up; investors can enjoy the cycle while watching for consumer resistance.
Alphabet is the stronger AI camp.
Google's earnings should be okay and its value chain remains relatively strong; if AI sorting favors Google's camp, Alphabet can help stabilize sentiment while OpenAI-linked names remain dependent on BDC funding.
AI agents threaten traditional software models.
Anthropic's Claude CoWork and Google's Project Genie show AI agents replacing core software functions; Salesforce, Adobe, and Unity have already sold off sharply, and the market is repricing software business models.
Private credit faces AI software contagion.
If AI disrupts software, the private-equity and private-credit funds that financed software and AI companies will be hit; he cited sharp declines in RS Management, Blue Owl, Apollo, KKR, and Blackstone.
Nvidia's OpenAI circular funding risks.
OpenAI is looking for alternatives to Nvidia GPUs and the circular Nvidia-OpenAI funding structure is under strain; if that loop breaks, Nvidia and AI hardware sentiment could weaken.
Korea re-rates on earnings and governance.
JP Morgan raised KOSPI targets and sees Samsung/SK hynix 45-50% upside, with foreign and institutional investors still underweight; governance reform, dividend tax changes, and activism support a Korea re-rating, with memory, financials, holdings, defense, shipbuilding, and power favored.
Gold remains a favored macro hedge.
JP Morgan's gold team sees $8,000 by 2030 and $6,300 average in 2026; gold and copper are top real-asset investments because of central-bank buying, dollar weakness, rates, and geopolitical fragmentation.
Memory stays strong amid semiconductor weakness.
Even in a weak semiconductor tape, memory is strong: SanDisk hit new highs with Bernstein raising its target to $1,000, Western Digital rose sharply, and Micron's pullback looked normal, leaving memory relatively solid.
Nvidia sits near key support.
Nvidia fell for two days toward $180 and is near the lower end of its box; if $172 breaks the market could worry more, but for now it looks like a support test.
Korean liquidity and ETF flows support market.
Korea's market cap topped 5,000 trillion won and customer deposits reached 111 trillion won, with pension DC conversions and ETF inflows creating powerful liquidity; this supports KOSPI/KOSDAQ even as volatility rises.
Samsung Electronics leads memory re-rating.
Samsung Electronics rose 11.3%, its largest move since the share split, on semiconductor optimism and reports that Nvidia is pressing it to deliver HBM4 quickly; the stock is being re-rated as memory fundamentals improve.
Brokerages win from record trading volume.
Record trading volume and ETF inflows are driving brokerage profits; Mirae Asset Securities surged over 20%, helped by its SpaceX investment as well as the volume boom.
Ukraine reconstruction theme has liquidity.
Ukraine-Russia ceasefire talks are reviving reconstruction names such as HD Hyundai Construction Equipment and Jinseong, and the moves are larger than past episodes because market liquidity is much bigger.
Ukraine reconstruction theme has liquidity.
Ukraine-Russia ceasefire talks are reviving reconstruction names such as HD Hyundai Construction Equipment and Jinseong, and the moves are larger than past episodes because market liquidity is much bigger.
JP Morgan favors Korea sector basket.
JP Morgan raised KOSPI scenarios and overweighted memory, financials, holdings, shipbuilding, defense, and power equipment; Samsung/SK hynix have 45-50% upside and ETF exposure is the safer way to play the sector call.
Memory supercycle runs through 2028.
Taiwan's Winbond expects memory sales to double, 2026-27 capacity is sold out, Samsung/SK hynix are investing, and global big tech may spend 170T won on memory over three years; memory is the next AI bottleneck.
Walmart is defensive growth with AI.
Walmart became the first retailer to top $1T market cap, helped by AI in supply chain, and its chart is diverging positively as money moves toward cash-rich, growing defensive names.
Korean market rotates; money keeps moving.
The Korean market is not weak; money is rotating from Samsung/SK hynix into other large caps, with 111 trillion won of retail deposits and strong ETF flows keeping the market supported.
AI infrastructure investment remains intact.
The software selloff does not mean AI is broken; AI infrastructure names such as neoclouds, nuclear, hydrogen, and solar rallied in the U.S. because big tech cannot cut AI capex.
Semiconductor dip is a buying opportunity.
The semiconductor pullback is more likely an opportunity than a trend break because memory shortage and AI infrastructure demand remain strong; SanDisk, Western Digital, and related storage names rose even as chips fell.
Korean hardware is the relative winner.
Korea has limited AI software exposure, so it is less damaged by the software disruption, while its hardware/manufacturing base is strong and increasingly needed by the U.S.
Nuclear theme gains U.S. pressure.
The U.S. is pressing Korea to invest in nuclear, and the theme is attracting capital; Doosan Enerbility, KEPCO, TMC, and KEPCO Industrial Development moved sharply on nuclear-related catalysts.
Space theme gains SpaceX catalysts.
The SpaceX-xAI merger and upcoming Artemis 2 launch are fueling space-related names such as Mirae Asset Venture Investment, Seojin System, SeAH Besteel Holdings, and Woojin; expectations are strong but SpaceX's dominance and IPO focus are risks.
Medipost Japan data support re-rating.
Medipost's knee osteoarthritis treatment is in Japanese Phase 3 with non-blinded data and a technology-transfer deal, implying higher success probability and potentially large sales; Samchundang Pharm and AprilBio are also mentioned as hot bio names.
SGC Energy has REC earnings catalyst.
SGC Energy was neglected, but a new report sees REC renewable-energy coupon sales adding 30-50B won of operating profit, lifting the target price to 40,000 won from 23,650 won; analyst reports now move small caps.
Autos and batteries get rotation flows.
With semiconductors resting, money is rotating into autos and secondary batteries; Hyundai Motor is rebounding from an oversold level and LG Energy Solution is attracting renewed flows.
Shipbuilders benefit from U.S. pressure.
The U.S. is asking Korea to invest in shipbuilding, making Korean shipbuilders such as HD Hyundai Heavy Industries attractive as strategic beneficiaries.
Copper has more upside than silver.
Gold/silver may have peaked, but copper has more upside: power cables, semiconductor lines, U.S. economic strength, and Trump stimulus support demand, while supply issues remain; Poongsan, Lee Gu Industry, and Daechang are mentions.
Watch semiconductor equipment rebound.
Korean semiconductor equipment/materials sold off after a sharp run; the correction is likely a chance but not a blind buy, with the 20-day moving average and rebound confirmation important.
Optical fiber shortage lifts Daehan.
AI data-center demand is causing an optical-fiber cable shortage, even in legacy products, and Daehan Optical Telecom's earnings are turning around as prices rise; the setup resembles Jeju Semiconductor's legacy-memory recovery.
Korean obesity drugs benefit from competition.
Novo Nordisk's guidance cut due to obesity-drug competition is not bad for Korean obesity-drug developers; it signals a larger market where domestic candidates such as Samchundang Pharm can benefit.
Do not short strong Korean market.
Retail deposits and ETF flows are so strong that short covering and mechanical ETF buying can lift the market; investors should not bet against KOSPI/KOSDAQ with inverse products.
NAVER is hurt by crypto weakness.
NAVER rose on the Dunamu/stablecoin story, but with crypto crashing and Dunamu transaction conditions worsening, the story is weaker and NAVER is vulnerable.
Power infrastructure demand is unavoidable.
Copper rebounded and LS Electric jumped as power-infrastructure demand remains strong; Intel's bottleneck list included semiconductors and power, showing electricity is essential for AI data centers.
Memory supply tight through 2027.
DRAM price increases are stronger than expected; Samsung P4 and SK hynix M15X add limited total capacity, meaningful supply growth is absent until 2027 H1, and inference-driven DRAM demand plus HBM make the cycle less cyclical.
New memory capex benefits equipment selectively.
New capex at Samsung P4 and SK hynix M15X is more meaningful than past conversion investment, with 2-3x revenue impact for equipment suppliers, but recent share moves have created valuation gaps, so be selective.
Do not sell memory leaders yet.
It is not yet time to sell Samsung or SK hynix because the memory capacity expansion gap in 2026-2027 means prices should not fall; investors can enjoy the cycle, and those wanting to take profits can rotate into equipment names.
Rotate memory profits into equipment.
For clients who must take profits in Samsung/SK hynix, early capex-cycle equipment companies are the preferred rotation because new memory capacity investment benefits their orders.
K-beauty expansion favors diversified exposure.
K-beauty is in an expansion phase, not a breakdown; Silicon2's drop on a competitor acquisition is a distribution-level concern, while APR, Dalba Global, and ODM names should benefit from seasonally strong H1 cosmetics demand.
BTS tour can lift HYBE.
HYBE should be watched as BTS returns on March 20 and plans about 75 world-tour concerts; concert and merchandise revenue could be enormous, benefiting the entertainment sector.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
253:05
Solar rebounds on China supply cuts.
Solar is rebounding as China cuts capacity and raises prices by over 30%, while U.S. big tech needs more energy; Korean solar names can benefit from the supply discipline and power demand.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
254:25
Seobu T&D benefits from inbound travel.
Seobu T&D is an asset stock with hotel exposure, and inbound tourism/hotel occupancy trends are improving, supporting the rerating.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
256:37
Korea is cheap versus U.S. tech.
JP Morgan's 7,500 KOSPI scenario and NH's 1,300 KOSDAQ target reflect cheap Korean valuations versus U.S. mega-caps, with Samsung/SK hynix earnings strong relative to market cap; the Korean market remains attractive.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
258:16
Hanmi Pharma benefits from obesity theme.
Novo Nordisk's obesity stumble highlights competition, but domestic obesity/weight-loss technology such as Hanmi Pharmaceutical's is being recognized; Hanmi looks relatively attractive as the grip-loss/obesity theme broadens.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
259:13
CJ Freshway gains from food distribution.
Food/consumer names are changing: CJ Freshway is expanding online B2B for small restaurant owners and remains a leader in school catering, while Palmsco hit the daily limit as food-sector capital rotates.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
260:23
SK Telecom asset value supports re-rating.
SK Telecom holds a stake worth over 2T won in an enterprise/entertainment asset; if monetized, it gives the company cards for shareholder returns or new businesses, which is lifting a heavy telecom stock.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
261:05
Orion and Shinsegae benefit from recovery.
Orion's overseas sales are improving from 4Q, and Shinsegae has asset value plus potential consumption recovery and shareholder-friendly policy support as domestic demand improves.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
269:55
Kolon CPI film may re-rating.
Kolon Industries' CPI film could revive through aerospace applications; earnings may double to about 200B won in 2026, and the market cap around 1.4T won leaves valuation upside if Apple or Samsung adopts CPI again.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
272:49
RFHIC benefits from optics and defense.
RFHIC is strong in optical communications and defense, and its stock is firm as these demand areas improve; it remains attractive on that dual exposure.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
275:54
Samyang waits for China cost leverage.
Samyang Foods' valuation has become cheap, but marketing costs mean 4Q and 1Q are slow; 2Q onward could improve, and the China plant becomes the next momentum driver after the U.S.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
278:28
Search trends support skin-care bio.
Google Trends for 'rejuran' and 'rejuranhealer' link to PharmaResearch and L&C Bio; inbound medical tourism and skin-care searches are rising, which supports the bio rebound.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
280:09
LGES ESS drives earnings rebound.
LG Energy Solution's ESS business could generate 8T won of sales and 1.2T won of operating profit, with total operating profit rising from 1.5T won this year to 3.5T won next year; the stock is entering a rebound phase.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
282:53
Samsung SDI is robot solid-state beta.
Samsung SDI has no near-term earnings momentum and remains in loss, but it is the higher-beta solid-state battery play for humanoid robots; solid-state commercialization could come earlier than 2030.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
284:54
ESS growth lifts battery materials.
As ESS volume grows, battery-material and component names such as Lotte Energy Materials, Sangsin EDP, and EcoPro BM should benefit from improving cathode and material demand.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
287:52
L&F is a battery-material watch.
L&F is a cathode-material name tied to Tesla/LG Energy Solution and should be monitored for a potential recovery, though he only sees it as a watch-list candidate.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
288:05
POSCO Holdings accumulates on dual businesses.
POSCO Holdings is an accumulate candidate because its steel and battery-materials businesses can both improve, and 2026 results should be strong among large caps.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
292:02
Haesung DS benefits from memory pricing.
Haesung DS beat 4Q with 180B won revenue and 21.8B won operating profit, driven by lead frames and package substrates; DRAM fixed-price increases can accelerate module price pass-through, and 2026 revenue/OP estimates can be revised up.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
294:32
Substrate makers have operating leverage.
Substrate makers already expanded capex during the semiconductor downturn, so when demand arrives they have operating leverage; Samsung Electro-Mechanics, Gigavis, Taesung, and Haesung DS are favored FC-BGA/substrate plays.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
295:59
LG Innotek gains Apple form-factor cycle.
LG Innotek could gain momentum from the iPhone 20th anniversary and a major Apple form-factor change cycle.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
296:23
LG Electronics has robot and HVAC optionality.
LG Electronics is not exciting yet, but its robotics and HVAC/air-conditioning businesses are real and could become hot themes, potentially driving a re-rating if realized.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
297:43
Smart-glass display shift is a theme.
Smart glasses are moving from LCD to micro-LED/LE-DOS because outdoor visibility and reflection matter; the theme should be watched for related component and display suppliers by 2030.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
299:20
KEPCO is undervalued nuclear play.
KEPCO trades at 0.6x PBR with about 20% ROE versus U.S. utilities near 3x PBR; a Westinghouse-KEPCO agreement may come in H1, and the U.S. will need Korean nuclear partners in a $7T market by 2050.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
300:41
Doosan Enerbility is nuclear equipment leader.
Doosan Enerbility is a core nuclear-equipment play, often described as the TSMC of the nuclear supply chain, and should benefit from the same U.S.-Korea nuclear cooperation.
Park Ji-hoon
Director, Asset Management Consulting Dept., NH Investment & Securities
301:14
Deoksan Neolux has OLED and SMR.
Deoksan Neolux supplies OLED materials for Apple's 2026-27 form-factor change; earnings could rise from 60B won to 100B and then 150B won, and its subsidiary Hyundai Heavy Industries Turbo Machinery is building SMR exposure.
This 3PRO TV (삼프로TV) video, published February 04, 2026,
features Park Myung-sung, Song Jaekyung, Kwon Soon-woo, Park Byeong-chang, Jang Woo-jin, Kim Rok-ho, Lee Seong-won, Park Ji-hoon
discussing WMT, COST, PEP, GLD, SILVER, BTC, PLTR, AI Data Center Infrastructure, Power infrastructure, TER, ETN, REMX, USA Rare Earth, FDX, Korean Shipping, Korean Shipbuilding, BIZD, COPPER, WTI, DBC, EWY, KOSDAQ, EEM, EWZ, ECH, Colombia, EWW, EZA, DXY, SNDK, WDC, MU, 005930.KS, 000660.KS, GOOGL, IGV, CRM, ADBE, U, KKR, OWL, APO, BX, NVDA, Korean financials, Korean Defense, Korean Power Equipment, 006800.KS, Korean securities sector, HD Hyundai Construction Equipment, 036890.KQ, Ukraine reconstruction stocks, Korean sector ETFs, SMH, AIQ, NUCLEAR, XLE, SOLAR, Korean manufacturing, Korean hardware, 034020.KS, 015760.KS, TMC, 130660.KS, SPACE, 100790.KQ, Seojin System, 001430.KS, Woojin, 078160.KQ, Samchundang Pharm, 397030.KQ, 005090.KS, 005380.KS, 373220.KS, 329180.KS, 103140.KS, Lee Gu Industry, 012800.KS, Korean semiconductor equipment/materials, 010170.KQ, Korean obesity drug developers, Korean inverse ETFs, 035420.KS, 010120.KS, DRAM/memory, Cosmax, 161890.KS, 0008T0.KS, APR, 483650.KS, 352820.KS, Korean solar stocks, Seobu T&D, 128940.KS, 051500.KS, PBJ, 017670.KS, 271560.KS, 004170.KS, 120110.KS, 218410.KQ, 357780.KQ, 214450.KQ, 290650.KQ, 006400.KS, 020150.KS, 091580.KQ, 247540.KQ, L&F, 005490.KS, HSEEF, 009150.KS, Gigavis, 323280.KQ, 011070.KS, 066570.KS, Smart glass/LE-DOS, 213420.KQ.
77 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Park Myung-sung,
Song Jaekyung,
Kwon Soon-woo,
Park Byeong-chang,
Jang Woo-jin,
Kim Rok-ho,
Lee Seong-won,
Park Ji-hoon
· Tickers:
WMT,
COST,
PEP,
GLD,
SILVER,
BTC,
PLTR,
AI Data Center Infrastructure,
Power infrastructure,
TER,
ETN,
REMX,
USA Rare Earth,
FDX,
Korean Shipping,
Korean Shipbuilding,
BIZD,
COPPER,
WTI,
DBC,
EWY,
KOSDAQ,
EEM,
EWZ,
ECH,
Colombia,
EWW,
EZA,
DXY,
SNDK,
WDC,
MU,
005930.KS,
000660.KS,
GOOGL,
IGV,
CRM,
ADBE,
U,
KKR,
OWL,
APO,
BX,
NVDA,
Korean financials,
Korean Defense,
Korean Power Equipment,
006800.KS,
Korean securities sector,
HD Hyundai Construction Equipment,
036890.KQ,
Ukraine reconstruction stocks,
Korean sector ETFs,
SMH,
AIQ,
NUCLEAR,
XLE,
SOLAR,
Korean manufacturing,
Korean hardware,
034020.KS,
015760.KS,
TMC,
130660.KS,
SPACE,
100790.KQ,
Seojin System,
001430.KS,
Woojin,
078160.KQ,
Samchundang Pharm,
397030.KQ,
005090.KS,
005380.KS,
373220.KS,
329180.KS,
103140.KS,
Lee Gu Industry,
012800.KS,
Korean semiconductor equipment/materials,
010170.KQ,
Korean obesity drug developers,
Korean inverse ETFs,
035420.KS,
010120.KS,
DRAM/memory,
Cosmax,
161890.KS,
0008T0.KS,
APR,
483650.KS,
352820.KS,
Korean solar stocks,
Seobu T&D,
128940.KS,
051500.KS,
PBJ,
017670.KS,
271560.KS,
004170.KS,
120110.KS,
218410.KQ,
357780.KQ,
214450.KQ,
290650.KQ,
006400.KS,
020150.KS,
091580.KQ,
247540.KQ,
L&F,
005490.KS,
HSEEF,
009150.KS,
Gigavis,
323280.KQ,
011070.KS,
066570.KS,
Smart glass/LE-DOS,
213420.KQ
