Interest Rates Are Gravity, But a Rocket That Beats Gravity Is Coming | Kwon Taek-joong, Hana Securities Centerfield W Sub-Branch Manager

Interest Rates Are Gravity" But a Rocket That Beats Gravity Is Coming | Kwon Taek-joong, Hana Securities The Centerfield W Sub-Branch Manager [Double Crew]

Watch on YouTube ↗ | September 17, 2026 at 01:30 | 19:50 | 3PRO TV (삼프로TV)

Speakers

Kwon Taek-jung — Manager, The Centerfield W

Summary

Kwon Taek-joong of Hana Securities framed high interest rates as gravity and argued investors should focus on sectors with enough earnings growth to escape it. He highlighted high operating-profit growth in Korean electronic components, semiconductors, aerospace/defense, electrical equipment, and machinery. He also discussed rare-earth event plays around the US-China summit, Korean space catalysts from the Nuri and SpaceX launches, and buying US Treasuries in tranches as yields rise.

High rates are treated as gravity; sectors with strong earnings growth can overcome it.
Electronic components, semiconductors, aerospace/defense, electrical equipment, and machinery show high estimated OP growth.
SK hynix's possible use of Intel Ohio space could signal durable memory demand and benefits front-end equipment.
Rare earths are China's key card ahead of US-China talks; LS Eco Energy and POSCO International have company-specific angles.
Nuri's 5th launch and SpaceX's orbital test are short-term catalysts for Korean space stocks.
Hanwha Aerospace is viewed as the closest Korean SpaceX-equivalent launch-vehicle play.
US Treasuries are seen as attractive for new split purchases as yields stay elevated.
US equity valuations can remain high if EPS growth reaches around 20% YoY.

Ideas

Kwon Taek-jung Manager, The Centerfield W 3:55

US equities can absorb higher yields

A US report shows that when EPS grows 10-20% annually, the 10-year Treasury can be around 5%, and when EPS grows more than 20%, high valuations have persisted even with yields above 6%; with next year's EPS growth consensus around 20%, US equity valuations can remain high until the 10-year yield approaches 6%.

Kwon Taek-jung Manager, The Centerfield W 4:35

Electronic component profits can beat rate gravity

Korean electronic component makers such as Samsung Electro-Mechanics and LG Innotek are expected to show over 65% YoY operating-profit growth, the highest among major sectors, and that earnings growth can overcome the gravity of high interest rates; MLCC and substrate exposure is the key driver.

Kwon Taek-jung Manager, The Centerfield W 4:49

Semiconductor profits can beat high rates

Samsung Electronics, SK hynix, and Korean semiconductor equipment names are estimated to grow operating profit more than 40% YoY, making them among the sectors most likely to escape high-rate gravity; shareholder returns from electronics and SK hynix are an additional catalyst if confirmed.

Kwon Taek-jung Manager, The Centerfield W 5:02

Aerospace, electrical, machinery profits beat rates

Aerospace/defense, electrical equipment, and machinery are estimated to deliver around 30% YoY operating-profit growth, placing them among the sectors that can withstand high-rate gravity; defense also has added support from rising US-China conflict risk.

Kwon Taek-jung Manager, The Centerfield W 9:44

Front-end equipment first on memory demand

Reports that SK hynix may use Intel's idle Ohio space, likely for memory rather than foundry, suggest memory demand is expected to stay strong through 2030; front-end semiconductor equipment stocks are the first beneficiaries and already rose 3-10% on the news.

Kwon Taek-jung Manager, The Centerfield W 11:41

Rare earths are China's summit leverage

China's main leverage in US-China AI talks is rare earths, with export restrictions also affecting Japan for yttrium, so rare-earth-related stocks could see event-driven moves around the summit.

Kwon Taek-jung Manager, The Centerfield W 12:24

LS Eco Energy offers rare-earth power exposure

LS Eco Energy is not only a rare-earth theme stock; it also has a power-related business that drove recent price action, so it is worth watching for its own fundamental catalysts.

Kwon Taek-jung Manager, The Centerfield W 12:30

POSCO International expands energy and rare-earth portfolio

POSCO International has rare-earth-related exposure and recently acquired a US gas field, expanding its global resources portfolio especially in energy, making it a watch-list name with its own business catalysts.

Kwon Taek-jung Manager, The Centerfield W 13:03

Space events may lift Korean space stocks

The Nuri 5th launch on October 7 and SpaceX's next-generation orbital test on the 22nd are strong event catalysts for Korean space-related stocks, which have been depressed; small/mid-cap space names such as Nara Space Technology, Satrec Initiative, AP Satellite, and Vitzro Tech have high price elasticity.

Kwon Taek-jung Manager, The Centerfield W 14:44

Hanwha Aerospace is Korea's SpaceX proxy

Hanwha Aerospace has taken most launch-vehicle technologies and is seen as occupying the Korean SpaceX position, so it should be a core beneficiary of the domestic space launch theme.

Kwon Taek-jung Manager, The Centerfield W 17:09

US Treasuries attractive for split buying

With US Treasury prices down sharply and yields elevated, new entries are attractive; investors can leave room for yields to rise further and buy US Treasuries in four or five split purchases, with the additional benefit that individual bond capital gains are tax-exempt in Korea.

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This 3PRO TV (삼프로TV) video, published September 17, 2026, features Kwon Taek-jung discussing SPY, 009150.KS, 011070.KS, 005930.KS, Korean semiconductor equipment, 000660.KS, Korean aerospace & defense, Korean electrical equipment, Korean machinery, Korean front-end semiconductor equipment, REMX, 229640.KS, 047050.KS, Nara Space Technology, 099320.KQ, 211270.KQ, 042370.KQ, 012450.KS, TLT. 11 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kwon Taek-jung · Tickers: SPY, 009150.KS, 011070.KS, 005930.KS, Korean semiconductor equipment, 000660.KS, Korean aerospace & defense, Korean electrical equipment, Korean machinery, Korean front-end semiconductor equipment, REMX, 229640.KS, 047050.KS, Nara Space Technology, 099320.KQ, 211270.KQ, 042370.KQ, 012450.KS, TLT