Tired of market volatility? Still, now is not the 'time to sell'. | Lee Hyuk-jin, Yeo Do-eun, Heo Jae-mu

Tired of market volatility? Still, now is not the 'time to sell'. | Lee Hyuk-jin, Yeo Do-eun, Heo Jae-mu [Morning N Investment]
Watch on YouTube ↗  |  August 10, 2026 at 02:13  |  56:44  |  3PRO TV (삼프로TV)
Speakers
Lee Hyuk-jin — Reporter, The Bell

Summary

Lee Hyuk-jin argues that the Korean market is normalizing after extreme concentration in memory semiconductors, and despite volatility it is not time to sell. He highlights defense stocks with strong earnings, foreign 'empty house' stocks such as Pharma Research and OCI Holdings, biotech leader Alteogen, and Korean semiconductor equipment/materials as attractive. He also expects Samsung Electronics and SK Hynix to recover by year-end on shareholder return policies and easing CXMT fears.

  • KOSPI/KOSDAQ rebounding with broadening participation beyond memory chips.
  • US rate hike concerns easing due to peaking oil and slowing employment.
  • Defense sector attractive in August with 50% YoY profit growth and undemanding valuations.
  • Foreign selling has created 'empty house' opportunities in Pharma Research and OCI Holdings.
  • Alteogen poised to mirror Halozyme's success on royalty-based cash flows.
  • Korean semiconductor materials/parts to benefit from record hyperscaler capex.
  • Samsung Electronics and SK Hynix seen as long-term buys on policy and tech gap widening.
  • Market not ending; normalization expected to continue into year-end.
Ideas
Lee Hyuk-jin Reporter, The Bell 7:03
Defense stocks with strong Q2 earnings.
Korean defense stocks saw strong Q2 earnings growth of 50% YoY but were sold off due to supply/demand pressures in a market concentrated on memory. With the market broadening out and normalization underway, these defense stocks, which have solid fundamentals, are attractive for August.
Korean defense sector HIGH
Lee Hyuk-jin Reporter, The Bell 7:52
Foreign empty house in Pharma Research.
Pharma Research was among the most sold stocks by foreigners, with a 13% decrease in foreign ownership, creating an 'empty house.' The company's earnings remain solid, and when foreigners return, this stock should see strong price recovery as the supply overhang clears.
214450.KQ HIGH
Lee Hyuk-jin Reporter, The Bell 8:13
Foreign empty house in OCI Holdings.
OCI Holdings is another stock heavily sold by foreigners, making it an 'empty house.' With confirming Q2 earnings, the stock is poised to rebound strongly once foreign selling abates and they start refilling these positions.
010060.KS HIGH
Lee Hyuk-jin Reporter, The Bell 30:41
Semiconductor materials cycle is unavoidable.
Korean semiconductor equipment and materials (소부장) sector cannot be skipped in this cycle. Hyperscalers' record capex and upcoming massive spending by memory/IDM manufacturers will drive sustained orders, and KOSDAQ's momentum is underpinned by this sector's earnings growth.
Korean semiconductor equipment and materials sector HIGH
Lee Hyuk-jin Reporter, The Bell 50:05
Chip giants to recover by year-end.
Samsung Electronics and SK Hynix have been heavily sold due to excessive fears around CXMT and leverage unwind, but the worst of the fear is priced in. Upcoming shareholder return policies and potential EPS-preserving bonus structures will act as catalysts, and he expects both stocks to be higher by year-end, recommending accumulation on further shakes.
000660.KS 005930.KS MED
Lee Hyuk-jin Reporter, The Bell 55:20
Alteogen mirrors Halozyme's royalty success.
Alteogen is a biotech leader with a royalty-based cash flow model similar to Halozyme, which recently rose 20% despite patent expiry. CMO/CDMO plays are favored in the current high-rate environment, and Alteogen's future mirrors Halozyme's trajectory, making it a key beneficiary of KOSDAQ's recovery and healthcare sector rotation.
196170.KQ HIGH
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3PRO TV (삼프로TV) · Aug 10

This 3PRO TV (삼프로TV) video, published August 10, 2026, features Lee Hyuk-jin discussing Korean defense sector, 214450.KQ, 010060.KS, Korean semiconductor equipment and materials sector, 000660.KS, 005930.KS, 196170.KQ. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lee Hyuk-jin  · Tickers: Korean defense sector, 214450.KQ, 010060.KS, Korean semiconductor equipment and materials sector, 000660.KS, 005930.KS, 196170.KQ