Samsung Electronics' Special Boon Exploded... When Will the Stock Price Reflect It? / NAND and Memory Shortage Continues Until Next Year

Summary

IBK Securities Department Head Park Geun-hyung discusses the September 4 Korean market recovery, saying Fed officials are cooling rate-hike fears and that September weakness can be a buy-the-dip opportunity. He presents data that memory fundamentals are improving, with DRAM and NAND shortages deepening and Samsung Electronics gaining HBM share, while the upcoming Anthropic IPO may create near-term supply pressure for Samsung and Hynix. He also highlights strength in Bitcoin and stablecoin policy, robotics, refining, and Korean semiconductor equipment names.

• September seasonality suggests third and fourth week weakness but buying dips for an October rebound.
• Fed officials Waller and Williams signal rate-freeze leanings, lowering long-term Treasury yields.
• Stablecoin policy and Bitcoin strength are tied to US Treasury demand for T-bills.
• DRAM and NAND shortage forecasts were raised, with memory suppliers holding pricing power.
• Samsung Electronics is gaining HBM share heading into the HBM4 transition.
• Anthropic IPO supply overhang may pressure Samsung Electronics and SK Hynix near term.
• Robotis, Hanmi Semiconductor, refining/energy names, and Korean semiconductor equipment stocks are mentioned as strong.