코스피 급등 끝났다? 한국증시, 진짜 상승장은 이제 시작이다 / 반도체 다음 주도주는 "바로 여기" ㅣ 이영훈 이사

Summary

Lee Young-hoon argues that the AI cycle is not over and Korea remains at its center, so the bull market still has room. He acknowledges short-term overheating but advises holding semiconductor positions and rotating into Hyundai Motor, shipbuilding, and secondary batteries as the next legs.

• Lee sees short-term overheating in KOSPI but maintains long-term bullish stance.
• He believes AI capex will continue due to unresolved competition and China's AI starting.
• He recommends holding Samsung Electronics and SK Hynix through corrections.
• He has been buying Hyundai Motor this week, citing autonomous driving and humanoid robot advantages.
• He is positive on HD Hyundai Heavy Industries due to AI data center engine orders and cheap valuation.
• He sees opportunity in Korean secondary battery sector as AI expansion boosts demand.
• He notes government policies to boost low PBR stocks but does not name specific names.
• Foreign inflows into Korea are supported by cheap won and potential MSCI upgrade.