Has a 'New Face' Arrived! Will Opportunity Finally Come for Neglected Retail Investors? | Cha Young-joo, Director of Wise Economic Research Institute

New Face' Has Arrived! An Opportunity Finally Comes for Excluded Retail Investors? | Cha Young-joo, Director of Wise Economic Research Institute [Today's Featured Stock]
Watch on YouTube ↗  |  April 29, 2026 at 10:40  |  35:39  |  3PRO TV (삼프로TV)
Speakers
Cha Young-joo — Director, Wise Economic Research Institute

Summary

Cha Young-joo, director of the Wise Economic Research Institute, reviews recent broker reports and market flows while arguing that the Korean market is entering a more difficult, more rotational phase. She defends SK hynix against overvaluation concerns, presents Samsung SDI as supported by narrowing losses and ESS demand, and flags LG Innotek as vulnerable to slowing profit growth after a sharp rally. She also expects May/June to be a pause or transition period, with broadening toward new faces and support in power infrastructure and secondary batteries, while pharma/biotech remains weak.

  • Cha Young-joo reviews BNK Securities' SK hynix report and rejects the overvaluation conclusion.
  • Samsung SDI is described as supported by narrowing losses, ESS demand, and valuation support.
  • LG Innotek is flagged for decelerating profit growth after reaching a 52-week high.
  • KOSPI is seen as pausing or transitioning in May/June with possible new-face rotation.
  • Power infrastructure and secondary battery sectors are presented as supported by earnings or demand.
  • Korean pharma/biotech is described as still struggling.
  • Foreign-flow and market-breadth data are discussed as clues for new leadership.
Ideas
Cha Young-joo Director, Wise Economic Research Institute 0:53
May/June market pause and rotation.
The market feels like it is taking a breather, and May/June could be a transition point toward front-loaded strength and later weakness. Although Samsung Electronics and SK hynix are not overvalued, KOSPI operating profit excluding them is only up about 30 trillion won, making some non-semi stocks look overvalued; the market may broaden to new faces, but aggressive trading and protecting gains will become harder, with a later rally possible if multiples reset.
EWY MED
Cha Young-joo Director, Wise Economic Research Institute 5:48
SK hynix is not overvalued.
The BNK Securities report and its 1.3 million won target caution that SK hynix's operating margin and revenue growth will decline, but the speaker argues this is a short-term expectation reset rather than proof of overvaluation. She notes SK hynix's PER is still below 10x and its operating margin above 40% indicates high growth, so the stock should not be called overvalued; the recent hesitation near 1.3 million won reflects a short-term overheat after the run from 900,000 won.
000660.KS HIGH
Cha Young-joo Director, Wise Economic Research Institute 13:44
Samsung SDI losses narrow, valuation supported.
Samsung SDI's losses are narrowing for multiple quarters, with ESS demand supporting a swing to profit and operating profit growth toward 1.2 trillion won and then 2.3 trillion won. A broker report says it is not a sell even after a 97% three-month rise, arguing that a mid-cycle multiple and a narrowing discount to LG Energy Solution support the valuation floor; the stock is not breaking down.
006400.KS HIGH
Cha Young-joo Director, Wise Economic Research Institute 18:24
LG Innotek growth slows at high.
LG Innotek's operating profit growth is set to slow from about 49% this year to 15-19% next year, mirroring the deceleration that made the market nervous about SK hynix. The stock has already hit a 52-week high on the substrate/FPCB theme that was earlier discussed in Samsung Electronics and SK hynix, so raising upside guidance at the current level looks risky.
011070.KS MED
Cha Young-joo Director, Wise Economic Research Institute 27:04
Battery sector demand and foreign flows favorable.
Recent Korean secondary-battery performance has been strong because foreign ownership and earnings are both favorable and demand is visible, so battery companies can continue to rise.
Korean Secondary Battery Sector MED
Cha Young-joo Director, Wise Economic Research Institute 27:08
Korean pharma/biotech still struggling.
Korean pharmaceutical and biotechnology stocks are still struggling, so the sector remains unattractive relative to areas with clearer earnings momentum.
XLV LOW
Cha Young-joo Director, Wise Economic Research Institute 27:10
Power infrastructure earnings strong this year.
Korean power infrastructure companies are expected to report very strong earnings this year, which should support their share prices.
Korean Power Infrastructure Sector MED
Up Next
1:01:14
From Soros to Old Farm: How to Identify the Market’s Top Thematic Risk-Takers
Monetary Matters · Apr 29
25:21
Iran's Scary Warning.. If Submarine Cables Are Cut, Middle East Financial Network Collapses and Global Finance Stops | Kim Yeol-su, Head of Security Strategy Office, Korea Institute for Military Affairs
815 Money Talk (815머니톡) · Apr 29
43:55
Iran War: Trump Warns of Extended Hormuz Blockade: WSJ | Daybreak Europe 4/29/2026
Bloomberg Markets · Apr 29
44:34
Is it destined to be a large-cap stock?"... What are the 'signals of rebirth' for companies in a market eyeing 7000p? | Park Byeong-chang, Director of Asset Management Strategy Department, Kyobo Securities [Yeouido Insight]
3PRO TV (삼프로TV) · Apr 29
1:32:22
UAE's OPEC Exit Blindsides Cartel Amid Iran War | The China Show 4/29/2026
Bloomberg Markets · Apr 29

This 3PRO TV (삼프로TV) video, published April 29, 2026, features Cha Young-joo discussing EWY, 000660.KS, 006400.KS, 011070.KS, Korean Secondary Battery Sector, XLV, Korean Power Infrastructure Sector. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Cha Young-joo  · Tickers: EWY, 000660.KS, 006400.KS, 011070.KS, Korean Secondary Battery Sector, XLV, Korean Power Infrastructure Sector