The Semiconductor Cycle Isn't Over! How to Invest in Samsung Electronics and SK Hynix? / Why Focus on Semiconductor Materials, Parts, and Equipment | Growth Hill Asset Management CEO Kim Tae-hong

Summary

CEO Kim Tae-hong argues the semiconductor cycle remains strong through year-end, with Samsung Electronics and SK Hynix benefiting from ongoing AI demand and supply constraints. He recommends buying both on dips, highlights HBM4 share shifts, and points to semiconductor materials/parts/equipment as a compelling sector. He also discusses secondary batteries as a turnaround, platform biotech picks, and a tactical US election dip-buying strategy.

• Semiconductor demand remains robust with supply tight until Q2 2025, supporting Samsung and SK Hynix.
• Samsung gains HBM4 share; SK Hynix earnings recover as contract pricing normalizes.
• Korean IT materials/parts/equipment sector is strongly positioned for earnings growth.
• Secondary battery sector is in turnaround but not yet a leader.
• Biotech strategy: invest only in platform technology companies (Alteogen, Olix, Alginomics).
• US midterm elections historically cause a Q3 dip followed by a rally; buy the dip in S&P 500.
• Foreign selling of Korean stocks is mechanical (overweight rebalancing), not fundamental.
• KOSDAQ underperformance tied to top-heavy biotech drag, but semi equipment and battery sectors offer opportunities.