Ideas
Korean equities stay strong on foreign inflows
KOSPI broke 5,500 with foreign and institutional net buying; NPS is expanding domestic equity allocation and global fund flows are overwhelmingly into Korea, while foreigners remain underweight large caps and may chase, supporting further upside.
KOSDAQ may catch up after KOSPI
KOSDAQ has lagged the KOSPI rally, but as the KOSPI has moved sharply higher and pension funds first fill KOSPI allocations, the KOSDAQ may catch up later as flows broaden.
Samsung leads HBM4 mass production race
Samsung started HBM4 mass production first and is winning the speed and image competition versus Micron; this could reverse HBM share expectations and drive further upside for Samsung.
Buy AI semiconductor supply chain on dips
Agentic AI increases token usage and requires continued AI infrastructure spending; hardware and memory are the first beneficiaries, and if AI-related stocks correct, semiconductors are the preferred area to buy because global fund flows to Korea first favor memory semiconductors.
Samsung underowned; foundry and HBM re-rate
Samsung is underowned by foreigners after persistent selling despite its rally; HBM capacity competition favors its large fab base, and foundry reference customers such as Tesla, Apple, and ByteDance could improve foundry economics, making Samsung attractive on returning foreign flows.
SK hynix benefits if foreigners return
Memory industry supply shortages and rising DRAM/NAND TAM into 2027 remain strong; SK hynix has suffered heavy foreign selling and low foreign ownership, so if foreign money returns to Korea it could be a major beneficiary.
Dividend tax reform favors Korean financial stocks
The third commercial law amendment and dividend income separate taxation/tax-free dividend framework favor financial stocks that can raise 2025 dividends and still have a February 27 record date; Woori Financial, Hana Financial, BNK Financial, Korea Investment Holdings, Kiwoom Securities, Samsung Fire & Marine, and DB Insurance screen well.
Korean holding companies still trade below book
General Korean holding companies still trade below PBR 1x despite the value-up narrative; with policy momentum and abundant liquidity, the discount can continue to narrow, and Hyundai GF Holdings is a recent example of the re-rating.
Korean banks re-rate versus Japan/Taiwan
Korean bank PBR is around 0.9x versus Taiwan 2x and Japan 1.6x; policy momentum from the third commercial law amendment and value-up programs should drive a structural re-rating, with KB Financial crossing PBR 1x as an early signal. He favors banks, financial holdings, and insurance and suggests a meaningful financial allocation.
AI disruption risk hits Charles Schwab
In the U.S., the AI disruption trade has shifted from software to financials as tax/automation startups threaten wealth-management and brokerage workflows; Charles Schwab fell sharply and the risk may spill over to Korean financials, so investors should watch early-market reactions.
Hanmi Semiconductor benefits from Micron rally
Hanmi Semiconductor is a Micron-linked equipment name; Micron's rally and increased Micron revenue exposure since H2 last year should drive Hanmi's stock, especially after its wide TC bonder disclosure.
Samsung foundry supply chain gains momentum
As Samsung foundry gains momentum from large customers such as ByteDance, suppliers tied to Samsung's foundry business should receive interest; investors should monitor the foundry supply chain, including names such as Doosan Tesna.
CMTX tied to TSMC and Micron orders
CMTX supplies etching equipment, is nearly the only Korean company connected as a first-tier vendor to TSMC, and has also penetrated Micron; it should move with TSMC/Micron-related orders, though investors should note recent listing lock-up expiry.
Doosan Fuel Cell benefits from energy rotation
The energy theme is rotating and SOFC fuel cells can be sited onsite next to data centers; Doosan Fuel Cell's shares held up despite weak earnings, suggesting downside is limited and the stock can benefit if the energy cycle strengthens.
Pan Ocean gains from BDI and VLCC
BDI has surged about 50% year-on-year, commodity and nonferrous demand is recovering, and Pan Ocean has added VLCC tanker capacity from SK, giving it exposure both to bulk shipping and the coming energy cycle.
HMM may bottom as container rates stabilize
HMM's container shipping fundamentals are still weak and SCFI has not turned up, but earnings are stabilizing and if the container market is bottoming the stock may also be bottoming; the setup is worth monitoring.
Base metals and energy enter upcycle
A historical Great Rotation is underway: after precious metals ran, capital is moving into base metals and energy; copper, aluminum, nickel, and WTI are rising, and WTI could reach $75 in the second half as the commodity cycle turns.
HD Construction Equipment benefits from Ukraine rebuild
Ukraine reconstruction themes are creating volatility in construction machinery, and HD Hyundai Construction Equipment is a direct way to play potential reconstruction demand; other Caterpillar suppliers also merit checking.
Battery stocks can rise from low valuations
The battery industry's fundamentals have not fully turned, but lower valuations, improving second-half visibility, and rising mineral prices mean battery stocks can rise and are worth watching as an underowned AI infrastructure/laggard area.
This 3PRO TV (삼프로TV) video, published February 12, 2026,
features Park Myung-seok, Lee Jae-kyu
discussing ^KS11, ^KQ11, 005930.KS, SMH, 000660.KS, 316140.KS, Hana Financial Group, 138930.KS, 071050.KS, 039490.KS, 000810.KS, 005830.KS, Korean holding companies, 005440.KS, Korean banks, Korean Financial Holding Companies, KB, SCHW, 042700.KS, Samsung Foundry supply chain, 131970.KQ, CMTX, 033260.KQ, 028670.KS, HMM, COPPER, WTI, Aluminum, NICKEL, HD Hyundai Construction Equipment, KARS.
19 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Park Myung-seok,
Lee Jae-kyu
· Tickers:
^KS11,
^KQ11,
005930.KS,
SMH,
000660.KS,
316140.KS,
Hana Financial Group,
138930.KS,
071050.KS,
039490.KS,
000810.KS,
005830.KS,
Korean holding companies,
005440.KS,
Korean banks,
Korean Financial Holding Companies,
KB,
SCHW,
042700.KS,
Samsung Foundry supply chain,
131970.KQ,
CMTX,
033260.KQ,
028670.KS,
HMM,
COPPER,
WTI,
Aluminum,
NICKEL,
HD Hyundai Construction Equipment,
KARS
