Daily Morning Fund Managers' Operations Meeting Live | Park Se-ik Senior Managing Director & Chesley Investment Advisory [Morning Brief / 26.08.14.Fri]

Watch on YouTube ↗  |  August 14, 2026 at 00:41  |  2:04:45  |  Chesley Investment Advisory (체슬리투자자문)
Speakers
Wang — Manager
Park Jun-hyeok — Crypto Analyst
Choi — Vice President
Park Se-ik — CEO, ex-Chief Strategist
Woo — Manager
Hae-soo — Pro

Summary

The morning meeting covers global market updates, highlighting strong earnings from Lenovo and Applied Materials, alongside easing US inflation data. The team discusses the structural shift in memory semiconductors becoming long-term infrastructure assets and analyzes Simmtech's rapid margin expansion driven by SO-DIMM demand. The hosts maintain a bullish outlook on the broader market, expecting a strong rally into next year despite potential short-term seasonal volatility in September.

  • US PPI data came in lower than expected, easing inflation fears and boosting tech stocks.
  • Lenovo reported a significant earnings beat driven by its infrastructure business and AI PC market share.
  • Applied Materials posted strong results and guided for record earnings through 2027, despite a post-earnings dip.
  • Bitcoin faces short-term weakness after breaking below its 200-week moving average amid negative ETF flows.
  • Memory semiconductors are increasingly viewed as long-term infrastructure assets rather than simple consumables.
  • Simmtech is undergoing a structural valuation re-rating due to surging demand and pricing power in high-margin SO-DIMM module PCBs.
  • Foreign investors are aggressively buying Korean equities and positioning for upside in the options market.
Ideas
Wang Manager 8:20
Strong earnings beat driven by infrastructure growth.
Lenovo reported a strong earnings beat driven by its infrastructure business and AI PC market leadership. The infrastructure segment saw 98.4% YoY revenue growth with improving margins, leading to expected target price upgrades and making its current valuation attractive.
LENOVO HIGH
Park Jun-hyeok Crypto Analyst 27:14
Broken 200-week moving average signals short-term weakness.
Bitcoin has broken below its 200-week moving average of around $64,000, which will now act as strong resistance. Combined with negative market maker netflows and spot ETF outflows, short-term weakness is highly likely.
BTC MED
Park Jun-hyeok Crypto Analyst 30:56
Benefits from crypto regulatory clarity and tokenization.
As AI infrastructure investment expands, tokenization and perpetual futures markets are growing rapidly. Robinhood is well-positioned to benefit more than Coinbase if regulatory clarity improves, making it an attractive asset in this structural shift.
HOOD MED
Choi Vice President 44:36
Strong fundamentals and AI demand support uptrend.
Despite a post-earnings after-hours drop due to profit-taking, Applied Materials shows strong fundamentals with 25% YoY revenue growth and expanding margins. With robust demand in advanced logic, DRAM, packaging, and legacy nodes in China, the company expects record earnings through 2027, supporting a long-term uptrend.
AMAT HIGH
Park Se-ik CEO, ex-Chief Strategist 69:11
Falling oil prices benefit cruise operators.
Falling oil prices provide a favorable macro tailwind for cruise operators. Carnival presents a good trading opportunity to accumulate below $25 and take profits in the $28 to $33 range.
CCL MED
Park Se-ik CEO, ex-Chief Strategist 72:04
Foreigners are aggressively betting on market upside.
Foreign investors have aggressively bought over 2 trillion won in the spot market over two days and are positioning for an upward move in the options market. Investors should bet on the upside, aligning with foreign institutional flows.
KOSPI 200 HIGH
Woo Manager 82:16
Memory is becoming a structural infrastructure asset.
Memory semiconductors are transitioning from simple consumables to infrastructure assets with longer economic lifespans. This structural shift, driven by AI demand, will lead to sustained earnings power, longer cycles, and a re-rating of memory makers like Samsung Electronics and SK Hynix.
005930.KS 000660.KS HIGH
Woo Manager 88:35
High-margin SO-DIMM demand drives valuation re-rating.
Simmtech is experiencing a rapid margin expansion, jumping from 3.2% to 12.2% in a single quarter, driven by surging demand and pricing power in high-margin SO-DIMM module PCBs. As the global leader in this segment, the company is undergoing a structural valuation re-rating while still trading at an attractive P/E under 20x.
222800.KQ HIGH
Park Se-ik CEO, ex-Chief Strategist 115:41
Post-election period will trigger a strong bull market.
While September may see minor technical adjustments due to seasonal liquidity drains and tax-related selling, the October earnings season will refocus the market on strong fundamentals. The period following the US midterm elections will trigger a robust bull market extending into the first half of next year.
SPY EWY HIGH
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This Chesley Investment Advisory (체슬리투자자문) video, published August 14, 2026, features Wang, Park Jun-hyeok, Choi, Park Se-ik, Woo discussing LENOVO, BTC, HOOD, AMAT, CCL, KOSPI 200, 005930.KS, 000660.KS, 222800.KQ, SPY, EWY. 9 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Wang, Park Jun-hyeok, Choi, Park Se-ik, Woo  · Tickers: LENOVO, BTC, HOOD, AMAT, CCL, KOSPI 200, 005930.KS, 000660.KS, 222800.KQ, SPY, EWY