Samsung Electronics, is it too 'expensive' now? Intraday 'all-time high' despite semiconductor concentration warning

Summary

Lee Jaegyu of SK Securities shares his market views based on over 20 years of trading experience. He advises patience and portfolio rotation, noting that while semiconductors lead, investors should gradually shift into undervalued laggards like entertainment, biotech, and logistics. He highlights Hyundai Glovis as a robotics test bed, Naver as a catch-up candidate, and LG Corp for group revaluation. He also recommends maintaining a 20% cash buffer and monitoring macro events.

• Lee Jaegyu emphasizes the importance of market cycle experience.
• He warns of short-term correction risk for semiconductors despite strong fundamentals.
• He sees rotation into lagging sectors like entertainment (low PBR), biotech (Alteogen), and logistics (Hyundai Glovis).
• Hyundai Glovis is highlighted as a robotics test bed.
• Naver is flagged as a laggard in the GPU allocation wave.
• LG Corp is recommended for group-wide revaluation.
• He suggests keeping 20% cash for risk management.
• Macro risks (oil, rates, FX) remain but market liquidity is strong.