When High Interest Rates Are a Burden, Should You Focus on 'ROA' and 'ROE'? Chesley Investment Advisory Executive Director Park Se-ik [Womae Shinbak / 26.09.02.Wed]

Watch on YouTube ↗ | September 02, 2026 at 08:35 | 56:22 | Chesley Investment Advisory (체슬리투자자문)

Speakers

Park Se-ik — CEO, ex-Chief Strategist

Summary

Park Se-ik reviews high-rate market pressure, arguing investors should watch bond yields and US political checks while focusing on quality ROA/ROE improvers. He discusses Korean market timing around September central bank meetings and recommends quality preferred shares at wide discounts. He also comments on Hyundai Mobis robotics upside, US midterm-driven stock rebound potential, and risks in leveraged Samsung/SK Hynix products.

High global bond yields are pressuring equities.
Korean market may be choppy before FMC/BOJ but strong from mid-September to next July.
ROA/ROE improvement stocks are favored under high rates.
Korean preferred shares are seen as attractive at wide discounts.
Hyundai Mobis robotics actuator revenue is promising but margin is unproven.
US midterm backlash could lift stocks.
Leveraged 2x products on Samsung/SK Hynix are criticized as dangerous.

Ideas

Park Se-ik CEO, ex-Chief Strategist 3:45

Buy growth themes early, sell late

Park argues stocks should be traded as growth-theme timing: stock investing is growth-stock investing, but narratives move first and reported numbers arrive late. Buy early when a new theme emerges and few have stepped up, then sell into late-stage overshoot when analysts revise earnings and targets upward and confident media coverage emerges.

Park Se-ik CEO, ex-Chief Strategist 12:34

Enter Korean equities before FMC/BOJ

Park expects the Korean market to shake around the FMC and BOJ policy meetings on September 16-18, but says from mid-September through about next July a very large rally should unfold. He advises entering performance-type wrap accounts at major brokerages this week or next week rather than waiting for target-conversion wrap products.

Park Se-ik CEO, ex-Chief Strategist 14:38

Midterm backlash may lift US equities

Park expects Trump and Republicans to suffer heavy midterm losses, with the House likely flipping to Democrats. That would brake Trump's tariff and alliance-breaking policies, and he thinks the stock market could rebound sharply when that political check appears.

Park Se-ik CEO, ex-Chief Strategist 22:08

Watch Hyundai Mobis robotics margin

Hyundai Mobis is seen as the fastest Hyundai group affiliate to monetize physical AI/robotics demand; it supplies all Atlas actuators, with estimated unit revenue of roughly 3.5 million to 5 million won per robot and up to 1.4 trillion won at 30,000 units. Park notes the revenue story is positive but says the key unresolved question is how much margin Mobis can retain given the Boston Dynamics ownership structure, making it a watch item.

Park Se-ik CEO, ex-Chief Strategist 30:26

Buy quality Korean preferred shares discounted

Park says Korean preferred shares have no effective voting rights and often no or very low guaranteed dividends, so they trade at extreme discounts to common shares. As shareholder return policies improve, there is no reason for quality preferred shares to stay this undervalued; he thinks high-quality company preferred stocks are worth buying when the discount to common is wide.

Park Se-ik CEO, ex-Chief Strategist 40:54

Buy high-ROA/ROE improvers during high rates

In a high-interest-rate environment, Park and the analyst note that investors should focus on companies that raise ROE through higher ROA and controlled financial leverage rather than aggressive balance-sheet expansion. He names Samsung Electro-Mechanics, LS Electric, Hyosung Heavy Industries, Isu Petasys, Jusung Engineering, Kia, NAVER, Samsung Heavy Industries, LIG Nex1, Hyundai Glovis, Hanwha Systems, LG CNS, Yuhan, Korea Kolmar and Wonik QnC as key ROA/ROE improvement beneficiaries across electrical equipment, defense, IT hardware, cosmetics and pharma/bio.

Park Se-ik CEO, ex-Chief Strategist 55:12

Avoid leveraged Samsung/SK Hynix products

Park warns that newly listed 2x leveraged long and inverse products tied to Samsung Electronics and SK Hynix have hurt clients in both directions, calling them flawed product designs from the approval stage. He sees them as dangerous for retail investors and effectively advises avoiding these leveraged products.

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Mention Market Heat 9/2/26

This Chesley Investment Advisory (체슬리투자자문) video, published September 02, 2026, features Park Se-ik discussing IWF, EWY, SPY, 012330.KS, Korean preferred stocks, 009150.KS, 010120.KS, 298040.KS, 007660.KS, 036930.KQ, 000270.KS, 035420.KS, 010140.KS, 079550.KS, 086280.KS, 272210.KS, LG CNS, 000100.KS, 161890.KS, 074600.KQ, Samsung Electronics 2x leveraged products, SK Hynix 2x leveraged products. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Se-ik · Tickers: IWF, EWY, SPY, 012330.KS, Korean preferred stocks, 009150.KS, 010120.KS, 298040.KS, 007660.KS, 036930.KQ, 000270.KS, 035420.KS, 010140.KS, 079550.KS, 086280.KS, 272210.KS, LG CNS, 000100.KS, 161890.KS, 074600.KQ, Samsung Electronics 2x leveraged products, SK Hynix 2x leveraged products