KOSPI 11500 Coming? Reason for Market Shaking, All-Time High Outlook / Real Reason for Leading Stocks' Price Plunge | Director Lee Ju-yeon

KOSPI 11500 Coming? Reason for Market-Shaking, All-Time High Outlook / Real Reason for Leading Stocks' Price Plunge | Director Lee Ju-yeon
Watch on YouTube ↗  |  June 03, 2026 at 03:00  |  25:41  |  815 Money Talk (815머니톡)
Speakers
Lee Ju-hyeon — Director, Xangle

Summary

Director Lee Ju-yeon discusses the recent rotation from overheated semiconductor leaders to undervalued holding companies like SK Square and Samsung Life, and the upcoming SpaceX mega-IPO's impact on liquidity. He endorses a bullish KOSPI 11500 target based on the long AI cycle and presents a strong buy case for Samsung Electronics and SK hynix, citing extreme undervaluation, strong cash flows, and shareholder return catalysts.

  • Semiconductor leadership stocks (Samsung, SK hynix) saw profit-taking as funds rotated to SK Square and Samsung group financials.
  • SpaceX IPO of up to $800 billion expected to pressure markets near-term until pricing on June 11.
  • KOSPI 11500 target from Meritz Securities is endorsed, supported by AI capex cycle comparable to past industrial revolutions.
  • Samsung Electronics and SK hynix are called the cheapest global AI stocks with PERs of 7x and 6.8x.
  • Both companies generate massive cash flows, enabling share buybacks, ADR listings, and special dividends.
  • Samsung's foundry is winning orders from BYD, Tesla, and Qualcomm, signaling a turnaround.
  • Long-term supply agreements are reducing the cyclical discount on memory stocks.
  • Investors are advised to buy Samsung and SK hynix on dips for long-term AI exposure.
Trade Ideas
Lee Ju-hyeon Director, Xangle 11:46
Samsung and SK hynix undervalued long-term buys.
The speaker recommends buying Samsung Electronics and SK hynix on dips, citing extreme undervaluation relative to global AI/semiconductor peers (PER 7.2x and 6.8x vs Micron 10.7x, TSMC 21x, NVIDIA 20x). The AI cycle is still early and capex is large, supporting long-term demand. Supply constraints are driving DRAM/NAND price increases, boosting earnings. Both companies generate massive cash flow (Samsung >300 trillion won operating cash flow, SK hynix expected to reach 100 trillion won cash target early), enabling shareholder returns (buybacks, ADR listing, special dividends). Samsung's foundry is diversifying with orders from BYD, Tesla, Qualcomm, improving margins. Long-term supply agreements (LTAs) reduce cyclical discount and justify higher valuations.
000660.KS 005930.KS HIGH
Lee Ju-hyeon Director, Xangle 12:22
KOSPI 11500 possible due to AI.
The speaker endorses the KOSPI 11500 target from Meritz Securities, arguing that the AI cycle's capex-to-GDP ratio (projected to reach 2.5-5% by 2030) is comparable to past industrial revolutions (railroad, electricity, PC/internet) which lasted decades. The current cycle is only 4 years old, leaving room for continued growth. Korean semiconductor earnings are expected to rise sharply, with next year's net profit near 1,000 trillion won, and at a PBR of 2.2x, KOSPI 11500 is achievable. The historical average PER of 9.9x also supports a baseline of 10,000 points. The speaker agrees this is not an unreasonable target and implies a bullish outlook for the KOSPI.
EWY HIGH
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This 815 Money Talk (815머니톡) video, published June 03, 2026, features Lee Ju-hyeon discussing 000660.KS, 005930.KS, EWY. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lee Ju-hyeon  · Tickers: 000660.KS, 005930.KS, EWY