Will Semiconductor Stocks Begin a Counterattack? SK Hynix Bets 50 Trillion Won / Major Shareholder Return Plan Confirmed in September… Will It Be a Reversal Card for the Stock Market? | Director Lee Juyeon

Summary

Director Lee Juyeon analyzes SK Hynix's upcoming September shareholder return plan and its massive 54 trillion won capex as potential reversal catalysts for semiconductor stocks. She discusses the KOSDAQ's relative strength, driven by biotech and secondary batteries, and notes institutional concentration in AI data center names on the KOSPI. She also unpacks the semiconductor component cycle, arguing that front-end component stocks offer a later-cycle opportunity with prolonged upside, and highlights specific undervalued names like TSE, TCK, and Hana Materials.

• SK Hynix will finalize a large-scale shareholder return plan within September, viewed as a positive catalyst.
• SK Hynix disclosed 54 trillion won in new capex, providing momentum for semiconductor equipment and materials stocks.
• Front-end semiconductor component stocks have a profit cycle that lags DRAM prices, offering a longer window of upside as DRAM and HBM demand surge.
• KOSPI is dominated exclusively by AI data center related stocks, while KOSDAQ shows strength in biotech and 2nd batteries.
• Foreign futures buying of nearly 1 trillion won suggests positioning for a near-term KOSPI rebound.
• Specific component names TSE (probe cards for HBM), TCK (silicon carbide rings), and Hana Materials (silicon parts) are seen as undervalued beneficiaries of the DRAM/HBM capex cycle.