Ideas
KOSDAQ rally has more upside
KOSDAQ is in a government-policy and liquidity-driven rally. The Alteogen shock had unfairly suppressed KOSDAQ while KOSPI reached 5,000, and now institutions and ETFs are buying the smaller market aggressively. Kim has allocated 10-20% of his portfolio to KOSDAQ and expects it to continue rising, with historical PER/PBR suggesting potential toward 1,300.
KOSDAQ biotech rebound favors top names
KOSDAQ biotech is structurally attractive because it is the largest KOSDAQ sector and is benefiting from fund inflows. Alteogen-specific bad news caused indiscriminate ETF selling in peers, creating oversold rebound opportunities in top market-cap biotech names with less volume spike than Alteogen. ABL Bio is specifically favored.
Liquidity drives further KOSDAQ upside
Liquidity is the best explanation for the Korean market. Pension fund domestic equity allocation increases, abundant retail cash and CMA balances, and ETF inflows into a relatively small KOSDAQ market can create steep upside. The liquidity rally likely continues into the February-March earnings season, favoring top market-cap names and pullback buying.
Robots peaked; prefer biotech, batteries
Robot stocks have already had a sharp run and look like they have reached a short-term peak. He prefers biotech and secondary battery names, which had corrected and still have valuation and positioning room.
Alteogen volume spike signals caution
Alteogen is less attractive than peer biotech because its trading volume and value surged markedly during the decline, which often marks a high. Other biotech names that fell without a volume spike look better; Alteogen is the one he is cautious on.
Buy EcoPro on battery re-rating
Secondary battery shares are being re-rated as the robot theme attaches to batteries. Robots may eventually use 20-30% of EV battery demand, and institutional investors need to buy large KOSDAQ battery names like EcoPro on pullbacks.
LG Energy Solution has upside volatility
Lithium prices are rising, ESS and robot demand are adding a new narrative to batteries, and LG Energy Solution has over 300 trillion won in order backlog. Earnings improvement could bring upside volatility despite EV demand concerns.
Chemicals benefit from lower rates, oil
Lower interest rates and lower oil prices improve profitability for Korean chemical companies. Although the sector is disliked and terminology is difficult, names such as Lotte Chemical and Daehan Yuhwa look attractive on this macro setup.
Solbrain moves before H2 earnings
Solbrain is a semiconductor materials company whose earnings improve in the second half, but the share price is likely to move ahead of the earnings. In a strong market, analysts may raise valuation multiples and the stock can overshoot.
Isu Petasys near a low watch
Isu Petasys is an AI and Google TPU PCB supplier with high-speed 800G and stacking technology. Q4 results were not as bad as feared, and the stock has fallen toward a level where downside is limited; it is a candidate to revisit near the lows.
Rodeo bull broadens to US sectors
He agrees with Morgan Stanley's rodeo bull market view: the market will rotate, fundamentals are still solid, and the rally is broadening beyond big tech into US biotech, banks, natural resources, and small and mid caps. Investors should participate in these diversifying sectors.
Korea equities beat US equities
Korean equities have outperformed and should continue to offer better opportunities than US equities, supported by policy, liquidity, and stronger relative momentum. He prefers Korea over the US for the year.
Korean power equipment gains on AI demand
Global gas turbine and power equipment leaders are reluctant to add capacity after being burned by Enron, China and India overcapacity, and the 2014 Alstom acquisition. AI data center electrification has created unprecedented demand, giving Korean latecomer Doosan Enerbility and power equipment makers HD Hyundai Electric and Hyosung Heavy a chance to win record orders and build a new export industry.
KOSDAQ supply-demand rally can overshoot
KOSDAQ is in a policy- and liquidity-driven supply-demand rally. The government's KOSDAQ 3,000 goal, record 2 trillion won institutional net buying, ETF inflows, and retail leverage ETF buying are overpowering valuation concerns. The market can overshoot; focus top market-cap names and avoid chasing vertical gap-ups.
KOSDAQ supply-demand rally can overshoot
Because ETF inflows into KODEX KOSDAQ 150 and similar products are mechanically buying the index basket, the largest KOSDAQ market-cap names should receive concentrated flows. He lists Alteogen, EcoPro, EcoPro BM, ABL Bio, HLB, Peptron, Samchundang Pharm, Rainbow Robotics, Riga Bio, Reno Industrial, Pharma Research, D&D Pharmatech, Robotis, Wonik IPS, and EO Technics as key constituents.
STO, stablecoins boost KOSDAQ theme
The government's KOSDAQ activation plan includes digital assets, STO, and won-backed stablecoins, which are becoming a new KOSDAQ growth narrative. Related stocks such as Wemade, NHN KCP, and Kakao Pay continued to rise.
New reactors support Korean nuclear stocks
The government's approval of two new large nuclear power plants supports the nuclear theme. Nuclear stocks showed a decent move on this policy confirmation.
KOSDAQ 3,000 needs four sectors
KOSDAQ is roughly 40% biotech, 19% semiconductor equipment, 14% battery, and 8% robots. For KOSDAQ to reach 3,000, these four sectors must rise. In a supply-demand market, valuation is less important than flows, so focus on top market-cap names in these sectors.
Short covering can lift KOSDAQ names
In a liquidity-driven KOSDAQ market, the most heavily shorted names can squeeze higher if short covering begins. Investors should screen the top 30 short-value KOSDAQ stocks and prefer those that are fundamentally sound and cheap. He lists Alteogen, EcoPro, EcoPro BM, ABL Bio, Robotis, Rainbow Robotics, Wonik IPS, Pharma Research, Peptron, HPSP, and others.
Humanoid robots lift battery demand
Lithium prices are rebounding from the bottom as CATL closes mines and restructures. ESS and data center demand is adding a new growth driver, and humanoid robots require high-nickel cylindrical batteries and eventually solid-state batteries. Samsung SDI, EcoPro, EcoPro BM, and Lotte Energy Materials are key beneficiaries; InterBattery in March is a near-term catalyst.
AI memory supercycle favors Samsung, Hynix
Samsung Electronics passed final HBM4 quality tests with Nvidia and AMD and will mass produce next month, improving its memory narrative. NAND prices are surging, with Samsung raising prices 100%, and JP Morgan sees a structural NAND supercycle. SSD and even H100 rental prices are rising, undermining bear cases. SK hynix also benefits, and Doosan Tesna benefits from Exynos 2600.
Critical minerals boost Korea Zinc
Korea Zinc's chairman emphasized critical minerals at Davos and raised US investment expectations. Copper, zinc, lead, silver, germanium, and gallium are strong, and non-ferrous metal stocks such as Korea Zinc and Poongsan are benefiting from higher copper prices.
Hyundai preferred, Kia better value
JP Morgan rates Hyundai Motor highly but says the common stock has already run; it now sees better value in Hyundai Motor preferred shares and Kia. The robot and humanoid theme also supports the Hyundai Motor group.
This 3PRO TV (삼프로TV) video, published January 26, 2026,
features Kim Jang-yeol, Lee Jae-kyu, Kwon Soon-woo, Park Geun-hyung
discussing KOSDAQ Index, KOSDAQ Biotech, ABL Bio, Korean equities, KOSDAQ Robot sector, 196170.KQ, 086520.KQ, 373220.KS, 011170.KS, 006650.KS, Korean Chemical Sector, Solbrain, 007660.KS, XBI, KBE, GNR, IWM, EWY, 034020.KS, 267260.KS, 298040.KS, 233740.KS, 229200.KS, 087010.KQ, Samchundang Pharm, 277810.KQ, 141080.KQ, HLB, 247540.KQ, WEMADE, NHN KCP, Kakao Pay, Korean nuclear sector, KOSDAQ Semiconductor Equipment, KOSDAQ battery, 403870.KQ, 006400.KS, 020150.KS, 005930.KS, 000660.KS, 131970.KQ, 010130.KS, 103140.KS, COPPER, Hyundai Motor Preferred, 000270.KS.
23 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Kim Jang-yeol,
Lee Jae-kyu,
Kwon Soon-woo,
Park Geun-hyung
· Tickers:
KOSDAQ Index,
KOSDAQ Biotech,
ABL Bio,
Korean equities,
KOSDAQ Robot sector,
196170.KQ,
086520.KQ,
373220.KS,
011170.KS,
006650.KS,
Korean Chemical Sector,
Solbrain,
007660.KS,
XBI,
KBE,
GNR,
IWM,
EWY,
034020.KS,
267260.KS,
298040.KS,
233740.KS,
229200.KS,
087010.KQ,
Samchundang Pharm,
277810.KQ,
141080.KQ,
HLB,
247540.KQ,
WEMADE,
NHN KCP,
Kakao Pay,
Korean nuclear sector,
KOSDAQ Semiconductor Equipment,
KOSDAQ battery,
403870.KQ,
006400.KS,
020150.KS,
005930.KS,
000660.KS,
131970.KQ,
010130.KS,
103140.KS,
COPPER,
Hyundai Motor Preferred,
000270.KS
