It's actually good for trading - How to interpret supply and demand? | Ha Chang-wan, CEO of Habono's Stock Story

Summary

Ha Chang-wan, CEO of Habono's Stock Story, analyzes the Korean market opening lower after US tariff concerns. He emphasizes monitoring foreign supply/demand for semiconductor stocks Samsung Electronics and SK hynix, while highlighting actionable ideas in Samsung Electro-Mechanics (MLCC price hike), Doosan, Daeduck Electronics, Hyosung Heavy Industries (report-driven rallies), robot component stocks (momentum play), and a DCA strategy for the KOSDAQ index. He cautions against leverage and stresses waiting for technical breakouts in large-cap semiconductors.

• Korean market opens sharply down on tariff fears, with Samsung Electronics -6% and SK hynix -5%; potential afternoon recovery hinges on foreign flows.
• Samsung Electro-Mechanics surges on a 30% MLCC price increase starting August, seen as a sector leader with strong high-capacity demand.
• Doosan rallies on positive analyst reports that maintain target prices, citing semiconductor substrate demand and favorable SK Siltron acquisition terms.
• Daeduck Electronics and Hyosung Heavy Industries also benefit from waves of positive reports that did not cut targets, reflecting strong order backlogs and main business health.
• Robot reducer and actuator stocks provide a momentum play on the humanoid robot theme, analogous to cathode makers in batteries, though earnings support is still lacking.
• KOSDAQ index becomes relatively attractive as credit balances normalize; a dollar-cost averaging strategy on the un-levered index is recommended with a wide downside band (600–500), avoiding leveraged ETFs.
• Samsung Electronics and SK hynix remain in a watch phase: AI demand is solid, but foreign supply overhang and heavy put option positioning require waiting for inflow rotation and a break above key resistance levels.
• Ha stresses risk management, advising partial cash reserves and technical responses if markets fail to hold support, with a bias toward conservative positioning until trends reverse.