Short squeeze has started... A bigger rally than expected is coming / Debate on structural growth of memory semiconductors... What is the result? | CEO Lee Kwon-hee

Summary

CEO Lee Kwon-hee discusses the start of a short squeeze in Korean markets, structural growth in memory semiconductors, and specific stock picks in cosmetics, robotics, and semiconductor equipment. He argues that memory stocks are undervalued due to cyclical perception and that a PER re-rating is underway. He also highlights Korea Kolmar as a cheap cosmetics play, robot stocks Rainbow Robotics and Robotis as safe picks, and recommends semiconductor equipment laggards. He advises holding through the rally rather than selling early.

• Memory semiconductor sector expected to undergo structural growth from HBM and AI, justifying higher valuations.
• Short squeeze likely to boost Korean market further, with brokerage stocks benefiting.
• Korea Kolmar preferred over Cosmax for cosmetics exposure with improving domestic margins.
• Robot stocks Rainbow Robotics and Robotis identified as the largest and safest in the sector.
• Semiconductor equipment names (Eugene Tech, Wonik IPS, PSK, TES, Dongjin Semichem) expected to follow memory rally.
• HPSP positioned as a long-term beneficiary of the 1d process.
• Market advice to hold positions and not sell during the rally.