Amid Large-Scale Semiconductor Investment, 'KOSDAQ Will Be Like This' | Yeom Seung-hwan, LS Securities Director [Double Up]

Summary

LS Securities Director Yeom Seung-hwan discusses the investment implications of massive semiconductor investments in Korea. He argues that memory supply is extremely tight, favoring KOSDAQ semiconductor equipment and materials stocks. He highlights power infrastructure (renewable energy, ESS, construction) as a key bottleneck beneficiary, turns positive on secondary batteries for H2 on improving earnings and EV/ESS demand, and sees potential in KOSDAQ's new 1-tier system. For second-half portfolios, he recommends semiconductors as a base plus shipbuilding, defense, and cosmetics on earnings strength.

• Massive memory investment acceleration signals extreme supply shortage, bullish for KOSDAQ semiconductor equipment and materials stocks.
• AI data centers and chip clusters face critical electricity shortages, driving demand for renewable energy, ESS, and construction firms.
• Secondary battery sector oversold but fundamentals improving; LG Energy Solution and Samsung SDI may turn profitable in July, with EV and ESS tailwinds.
• KOSDAQ needs a star player from semiconductors, batteries, or biotech to lead a rally; government policies could provide tailwind.
• New KOSDAQ 1-tier system (top 70 stocks) may attract ETF inflows and benefit leading companies.
• Shipbuilding, defense, and cosmetics sectors show solid earnings and offer attractive entry points for H2.
• Large-cap Samsung Electronics and SK Hynix remain core but small/mid-cap sectors appear more comfortable and agile.