Ideas
ESS growth drives Samsung SDI turnaround.
Samsung SDI is the preferred secondary-battery idea because both IBK and Hana Securities raised target prices and framed ESS growth as the key driver. EV demand remains weak, but ESS has the highest margin and should lead a 2027 operating-profit turnaround. The Stellantis U.S. joint venture is converting most lines toward ESS, showing fast management decision-making. Reports project 2027 operating profit of about KRW 1.6-1.9tn and roughly 10% operating margin, with depreciation and capex pressure easing and potential free-cash-flow improvement from 2027. U.S. ESS shipments could grow 70-80% year over year, and low-cost LFP EV batteries from Hyundai/Kia may add optionality.
Hyosung Heavy earnings growth still undervalued.
Shinhan Securities raised its target price for Hyosung Heavy Industries to KRW 2.9m after repeated quarterly earnings surprises and faster-than-expected profit growth. Although the P/E is high and a time gap between price and earnings can cause volatility, next-year earnings growth is around 40%, implying a PEG near or below 1 and remaining valuation upside. Order backlog has already exceeded KRW 10tn, and order data and operating profit are moving together. A company with about KRW 8tn revenue maintaining a roughly 10% operating margin is a strong performance, so the speaker remains positive.
Power equipment backlog drives earnings cycle.
Power-equipment and electric-infrastructure names are supported by a data-center and power cycle in which order backlog converts into revenue and operating profit. Hyosung Heavy first crossed KRW 10tn in backlog, Hyundai Electric also has more than KRW 10tn, and LS Electric has about KRW 6-7tn, with LS Electric's stock recently catching up after being less discussed. The speaker contrasts order-driven industries such as ships and power equipment with make-to-stock businesses; in this category, order and earnings now move together.
SK Telecom recovers from hacking hit.
SK Telecom is a recovery idea after the cyber-hacking incident. The reviewed report raised its target price to KRW 81,000 and expects 2025 operating profit to grow about 85% year over year on a base effect from last year's damage, with number-portability measures helping to overcome the incident. Telecom is a land-grab market, so the dramatic profit rebound is mainly a normalization from a depressed base. If the company can overcome a one-off problem such as a lawsuit or hacking incident, it can be a textbook investment. Valuation should focus on EV/EBITDA because telecom requires continuous capex for 5G and 6G.
SMR new growth for Samsung C&T.
KB Securities' report on Samsung C&T was notable because it went beyond the usual sum-of-the-parts value of its Samsung Electronics and Samsung Bio stakes. It highlighted 2026 construction-profit recovery, a new shareholder-return policy, and, most importantly, SMR and nuclear power as a possible new growth business. Samsung C&T is pursuing multiple SMR generation projects with several partners and projects such as Romania nuclear, creating order expectations. The stock's strong move may reflect institutional investors reacting to this new SMR angle, and the speaker views the long-term nuclear and SMR expansion positively.
Nuclear SMR expands construction growth theme.
Nuclear and SMR projects are becoming a new growth driver for large construction companies. When nuclear-related stocks move, construction names such as Hyundai E&C, Daewoo E&C, and now Samsung C&T can be pulled in through SMR order expectations, including projects such as Romania nuclear. The speaker does not present this as a short-term trade, but as a long-term theme to expand and monitor.
This 3PRO TV (삼프로TV) video, published February 03, 2026,
features Cha Young-joo
discussing 006400.KS, 298040.KS, 267260.KS, 010120.KS, 017670.KS, 028260.KS, 000720.KS, 047040.KS.
6 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Cha Young-joo
· Tickers:
006400.KS,
298040.KS,
267260.KS,
010120.KS,
017670.KS,
028260.KS,
000720.KS,
047040.KS
