If You've Sold All Your Stocks, Beware: The Year-End Rally That Will Begin with the Return of Semiconductors, if You Have Cash Now? Lee Jae-gyu, SK Securities PB Deputy Manager

If you've sold all your stocks, be aware." The year-end rally that will begin with the return of semiconductors, if you have cash now? Lee Jaegyu, SK Securities PB Deputy Manager [Focus Today's Stock]
Watch on YouTube ↗  |  September 07, 2026 at 12:00  |  36:49  |  3PRO TV (삼프로TV)
Speakers
Lee Jae-kyu — PB Deputy Manager, SK Securities

Summary

Lee Jae-gyu reviews a strong KOSPI rebound led by semiconductors and outlines his updated portfolio tilt. He argues investors with too much cash should rebuild equity exposure while favoring KOSPI over KOSDAQ and Samsung Electronics/SK hynix on improved foreign supply-demand. He also flags rotation ideas in chip equipment/materials, renewables/wind, secondary batteries, power equipment, shipbuilding, and a possible cut in pharma-biotech.

  • Samsung Electronics and SK hynix rebounded as foreign inflows, Micron strength, and HBM demand improved sentiment.
  • He keeps semiconductor exposure but still says other sectors may lead second-half performance.
  • His model portfolio adds energy/renewables and may cut pharma-biotech if it fails to rebound.
  • KOSPI is regaining strength versus KOSDAQ, so he prefers roughly 60-70% KOSPI allocation.
  • Semiconductor equipment/materials and power equipment are flagged as rotation candidates.
  • Shipbuilding has a potential tanker/bulk order setup but is lower priority for now.
  • Oil and macro data remain risks, so he is not removing caution entirely.
Ideas
Lee Jae-kyu PB Deputy Manager, SK Securities 1:23
Renewables and Doosan Energy attracting funds
He added energy exposure to his model portfolio, saying renewable energy keeps catching his attention, especially wind. Doosan Enerbility saw strong inflows on nuclear-related momentum, and he expects funds to rotate into the energy complex.
034020.KS Korean renewable energy/wind MED
Lee Jae-kyu PB Deputy Manager, SK Securities 1:57
Pharma biotech may be cut if weak
He currently holds about 25% in pharmaceuticals/biotech but will reduce the position if the sector cannot show an elastic rebound this week. This is a conditional exit/avoid setup on pharma-biotech momentum.
XLV MED
Lee Jae-kyu PB Deputy Manager, SK Securities 2:12
Construction and nuclear shares may extend rebound
He says construction and nuclear-related sectors are showing additional rebound, with nuclear momentum flowing into construction names.
Korean construction/nuclear-related stocks LOW
Lee Jae-kyu PB Deputy Manager, SK Securities 2:16
Secondary batteries likely rebound again
He says secondary batteries will likely rally again after their current pullback. He later links them to the renewable/data-center demand chain as an additional reason for interest.
Korean secondary battery sector MED
Lee Jae-kyu PB Deputy Manager, SK Securities 3:28
Buy Samsung Electronics and SK hynix rebounds
He argues Samsung Electronics and SK hynix are entering a tradable rebound after reclaiming the 120-day moving average and improving foreign supply-demand. He says investors who sold semiconductor exposure should buy back at least a portion, and those without semis should establish positions. He still does not recommend full concentration and would trim on strength if heavily loaded.
005930.KS 000660.KS HIGH
Lee Jae-kyu PB Deputy Manager, SK Securities 14:24
Raise stock exposure if cash heavy
He believes the market has passed the most dangerous phase. If cash is too heavy, he recommends raising equity exposure from as low as 30% to at least 50%. He adds that if KOSPI holds above the recent recovery area for about two weeks despite macro noise, year-end upside looks good.
EWY HIGH
Lee Jae-kyu PB Deputy Manager, SK Securities 22:01
Favor KOSPI over KOSDAQ allocation
He observes that KOSPI regained strength versus KOSDAQ after KOSDAQ's strong August rally, and the performance gap narrowed. He argues investors should not chase KOSDAQ concentration for risk management and still favor KOSPI at roughly 60-70% of portfolio allocation.
KOSDAQ MED
Lee Jae-kyu PB Deputy Manager, SK Securities 27:31
Tanker and bulk shipping orders watch
He flags a second-half shipbuilding setup: tanker and bulk carrier fleets have a high share of 20-year-old vessels and relatively little new ordering, while LNG fleets are younger and already have orders placed. He suggests watching whether Korean shipbuilders receive tanker/bulk orders, though shipbuilding is currently lower priority in price action.
Korean Shipbuilding MED
Lee Jae-kyu PB Deputy Manager, SK Securities 29:44
Korean chip equipment valuations look attractive
He changed from favoring only Samsung Electronics and SK hynix to also watching semiconductor equipment/materials. Rotation could send funds into smaller sectors, valuations are below historical PER, and even if a dramatic sales boost from capex appears only in 2027, stock prices can improve earlier.
Korean semiconductor equipment/materials MED
Lee Jae-kyu PB Deputy Manager, SK Securities 32:02
Power equipment needs 120-day breakout
He now says power equipment is worth watching, with Hyosung Heavy Industries and HD Hyundai Electric rebounding. But he notes LS Electric and the sector remain below the 120-day average; reclaiming that line would make the group more elastic. US-China transformer dynamics may limit or support the trade.
267260.KS 010120.KS 298040.KS MED
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This 3PRO TV (삼프로TV) video, published September 07, 2026, features Lee Jae-kyu discussing 034020.KS, Korean renewable energy/wind, XLV, Korean construction/nuclear-related stocks, Korean secondary battery sector, 005930.KS, 000660.KS, EWY, KOSDAQ, Korean Shipbuilding, Korean semiconductor equipment/materials, 267260.KS, 010120.KS, 298040.KS. 10 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lee Jae-kyu  · Tickers: 034020.KS, Korean renewable energy/wind, XLV, Korean construction/nuclear-related stocks, Korean secondary battery sector, 005930.KS, 000660.KS, EWY, KOSDAQ, Korean Shipbuilding, Korean semiconductor equipment/materials, 267260.KS, 010120.KS, 298040.KS