Ideas
KOSPI upside on foreign inflows, liquidity.
Both KOSPI and KOSDAQ closed higher, and while macro risks from oil, FX, and US 10-year yields are not fully resolved, the index trend is healthy with US markets at highs. Foreigners have net bought about KRW 2.7 trillion in April despite recent selling, so if foreign inflows continue, KOSPI strength is likely to continue. Rising customer deposits and credit balances also provide liquidity, meaning the awaited correction may not come and a short-term surge is possible.
Buy Samsung Electronics on dips.
Samsung Electronics has lagged SK hynix and frustrated shareholders, but it reversed strongly today and closed at KRW 226,000. When Samsung falls, it is the right stock to buy, especially for those without exposure; a 1.8% gain for a large cap is strong, and it could reach KRW 230,000.
Shipbuilders break prior highs; stay long.
Shipbuilders are breaking above prior October highs. HD Hyundai Heavy Industries is strong, Samsung Heavy Industries is also rising, and Hanwha Ocean is only lagging due to convertible bond overhang that will expire; the shipbuilding trend remains intact.
Oil likely falls within three months.
Oil has risen to around $100 on Middle East conflict, but I expect oil to fall within three months. UAE's exit from OPEC+ signals it will produce freely to compensate for war-related financial losses, and its diversified economy does not need high oil, unlike Saudi Arabia. Even if the war drags on, supply should increase and oil should fall.
Exit refiners after oil-driven rally.
Refining and petrochemical stocks such as SK Innovation, S-Oil, Lotte Chemical, and GS Holdings rallied on oil and naphtha prices, but this is a trading opportunity, not a long-term hold. Oil is likely to fall medium-term, so investors should exit oil-up beneficiaries at an appropriate time rather than chase them.
Watch Big Tech capex guidance.
Tomorrow's Meta, Amazon, Microsoft, and Alphabet earnings are a major checkpoint. The key is not their earnings but their data center capex guidance; if they reaffirm aggressive capex, concerns about OpenAI funding and AI demand will fade, supporting the AI supply chain.
Physical AI data edge favors Hyundai Motor.
Nvidia and Google executives are visiting Korea because physical AI requires real-world data, and Tesla's advantage is its massive physical driving data. Korea's manufacturing base gives Hyundai Motor and domestic manufacturers an edge in collecting physical data from factories, and cooperation with China is difficult, so Hyundai Motor Group is likely to be highlighted.
Watch renewable and wind power names.
Renewable energy-related stocks have good momentum. SK Ocean Plant made a positive candle after being pushed down, CS Wind's trend is good, and Hyundai Energy Solutions is strong. These are not outright buy calls but look good and should be watched.
GST leads in liquid cooling.
GST has the strongest technology in liquid immersion cooling, which is increasingly discussed for data center heat management. Although it is not yet applied commercially, adoption probability is rising, and the stock has been receiving attention.
Wait for Duk San Hi-Metal pullback.
Duk San Hi-Metal has a pretty uptrend and controls about 60% of the domestic solder ball market, a key packaging material. Export data has improved since March, raising expectations for 1Q and 2Q earnings. This is not a buy now; wait for a good correction.
Power equipment and energy stay strong.
Power equipment and wire companies are strong, with quarterly earnings exceeding KRW 1 trillion and AI-related investment ideas continuing to emerge. Doosan Enerbility is hitting new highs and the broader energy sector remains attractive. I had been cautious yesterday but now expect further upside and mid-to-long-term growth.
Holding companies as stable policy play.
Korean holding companies such as GS, LS, and SK rose today and could benefit from future government policy momentum. They are not expected to be high-beta movers, but they can be a stable part of a portfolio.
Rotation favors defense laggards over LIG.
Defense remains favored, but leadership is rotating. LIG Defense & Aerospace received too much attention and may be crowded, while Hyundai Rotem starred today and laggards such as Hanwha Aerospace and Korea Aerospace Industries have been lukewarm. Rather than chase today's winner, look for the next name in the rotation.
Rotation favors defense laggards over LIG.
Defense remains favored, but leadership is rotating. LIG Defense & Aerospace received too much attention and may be crowded, while Hyundai Rotem starred today and laggards such as Hanwha Aerospace and Korea Aerospace Industries have been lukewarm. Rather than chase today's winner, look for the next name in the rotation.
Bull market; hold until trend breaks.
The market is in a typical bull market where intraday dips are bought, sectors rotate, and even neglected petrochemical names rebound. Investors with 80-90% equity exposure should hold, while those with cash can buy dips and trade. The KOSPI is above its 5-day moving average with perfect moving-average alignment and five weekly gains, and earnings estimates are rising faster than prices, so the trend should be ridden until it breaks rather than exiting early.
Samsung capex could lift semi equipment.
Samsung's conference call may reveal capex plans for front-end and back-end processes, which would move Korean semiconductor equipment and materials stocks. Their average valuation is around 25x, with many at 40-60x, so they need confirmed momentum. Their own earnings reports will allow analysts to recalculate valuations and justify a re-rating.
Pre-order model could re-rate memory.
TSMC has historically received a higher valuation than Samsung and SK hynix because it pre-sells capacity before expanding. If Korean memory makers move to long-term contracts and a pre-order then expansion model, they could earn a TSMC-like multiple even without higher earnings. This is not likely to be announced tomorrow but is a direction to watch.
ABL Bio rebound on BBB deal.
ABL Bio's decline from the Compass Therapeutics issue has been sufficiently reflected. The FDA approval application is not canceled, and the key catalyst is an additional technology export for its BBB shuttle; a trillion-won contract could revive the stock. Foreigners are buying while institutional selling appears mechanical.
This 3PRO TV (삼프로TV) video, published April 29, 2026,
features Lee Jae-kyu, Lee Kwon-hee
discussing EWY, 005930.KS, 329180.KS, 010140.KS, 042660.KS, WTI, 096770.KS, 010950.KS, 011170.KS, 078930.KS, Korean refiners and petrochemicals, META, AMZN, MSFT, GOOGL, 005380.KS, Korean robotics and physical AI, 322000.KS, 100090.KS, 112610.KS, 083450.KQ, 077360.KQ, Korean Power Equipment Sector, 034020.KS, Korean holding companies, 006260.KS, 034730.KS, 064350.KS, 012450.KS, 047810.KS, LIG Defense & Aerospace, Korean equities, Korean semiconductor equipment and materials, 000660.KS, 298380.KQ.
18 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Lee Jae-kyu,
Lee Kwon-hee
· Tickers:
EWY,
005930.KS,
329180.KS,
010140.KS,
042660.KS,
WTI,
096770.KS,
010950.KS,
011170.KS,
078930.KS,
Korean refiners and petrochemicals,
META,
AMZN,
MSFT,
GOOGL,
005380.KS,
Korean robotics and physical AI,
322000.KS,
100090.KS,
112610.KS,
083450.KQ,
077360.KQ,
Korean Power Equipment Sector,
034020.KS,
Korean holding companies,
006260.KS,
034730.KS,
064350.KS,
012450.KS,
047810.KS,
LIG Defense & Aerospace,
Korean equities,
Korean semiconductor equipment and materials,
000660.KS,
298380.KQ
