Ideas
Yen strength is key to cool yields.
Ha sees the Japanese yen as the key macro variable for September: a decisive BOJ rate hike and stronger yen are needed to end yen weakness, and that is the main way to cool the global surge in Treasury yields. He wants to use yen strength and any softening in US Treasury yields as the market barometer, expecting a firmer yen to help stabilize global bond markets.
AI infrastructure remains leading demand story.
He notes the overnight rebound was led by the classic AI infrastructure complex—AI semiconductors, memory, servers, hardware, and power/nuclear—with money rotating back into Nvidia and Micron. Despite macro fears from oil and yields, the AI infrastructure demand story remains intact and these names are still leading.
Oracle struggles more when yields rise.
Oracle is the most rate-sensitive large tech name because it carries large overseas debt and a high CDS premium. When US Treasury yields rise, Oracle reacts more than other tech names and can be hit harder, so he flags it as a rising-rate risk rather than a fresh buying opportunity.
Broadcom's AI growth remains strong.
Broadcom delivered a strong earnings beat with AI semiconductor revenue up about 221% year over year and next-quarter AI guidance accelerating, while also raising long-term AI revenue targets. The after-hours dip was only because the overall revenue guide was slightly below consensus, but the core AI acceleration makes the report positive.
AI software earnings broadening beyond hardware.
Beyond hardware, AI software names are now showing real earnings and guidance improvements—Salesforce, Okta, CrowdStrike, and Snowflake are all improving. This means AI monetization is broadening from semiconductor hardware into software and security, supporting the whole AI software complex.
SK Hynix Japan investment supports suppliers.
If SK Hynix seriously invests in a new memory fab in Japan and expands elsewhere, the first expected beneficiaries are Korean semiconductor equipment and materials makers, construction firms, and power-transmission names tied to fab infrastructure. She frames this as a theme to monitor rather than a confirmed near-term order.
Power equipment and cable names bullish.
Power equipment and cable names are breaking out on government infrastructure spending around the Honam semiconductor cluster and structural grid demand. He highlights the major power equipment trio—Hyosung Heavy Industries, LS Electric, and HD Hyundai Electric—and adds that Sanil Electric offers a lighter, more elastic swing trade after holding its 20-day line.
Cheap Korean semiconductor equipment names attractive.
Many Korean semiconductor equipment and materials names are cheap despite explosive earnings growth. He singles out DI, Hanam Micron, Wonik Q&C, and Wonik Materials as names where valuation still looks attractive relative to operating profit growth, making them candidates for selective longer-term buying.
Buy undervalued cosmetics on market weakness.
Cosmetics is one of only two sectors making new highs alongside banks, and recent pullbacks have not produced heavy selling volume. He says Korea Kolmar is still undervalued and suggests using September weakness to buy attractive cosmetics names on dips for portfolio balance and defensive new-high momentum.
Isu Petasys key Broadcom-related Korean play.
Isu Petasys is the Korean name that tends to react to Broadcom, and it held a green candle during the prior day's crash on Broadcom expectations. He says it may challenge the 120,000-won area again, but because these setups often get sold when charts become too pretty, he prefers buying weakness rather than chasing strength.
Alteogen major legal and export catalysts.
Alteogen has a double catalyst: a legal victory because Halozyme lost all cases, and a 4.4 trillion-won technology export deal with Novartis—the largest in Korea—yet the stock only closed flat due the weak market. He sees the news as genuinely positive and the valuation as reasonable at PER 57 versus Samsung Biologics' 80+ at listing.
High-margin HPSP positive on memory/foundry.
HPSP is a high-margin semiconductor process equipment name: third-quarter revenue around 47 billion won with operating profit near 24.8 billion won, and BNK Securities is positive with a target of 66,000 won. Memory drives this year and foundry orders may drive next year.
Hanmi Semiconductor wins TSMC packaging equipment.
Hanmi Semiconductor has now passed TSMC testing and actually supplied TSMC with its 2.5D packaging equipment. This confirms its position in advanced-package and high-bandwidth memory equipment and supports the long-term equipment story.
Solder-ball maker too cheap for growth.
Duksan Hi-Metal makes solder balls used in semiconductor packaging, and every product line is trending upward. He cites 2026 revenue growth of 124% year over year, operating margin around 14.6%, and a target price of 23,000 won versus roughly 9,950 won, arguing the stock is too cheap despite strong front-end demand.
Secondary batteries trade after sharp pullback.
Secondary battery stocks have fallen hard and are pressing against heavy supply zones. He says they are okay to buy from a trading perspective after being pushed down and starting to bounce, though not an unconditional strong buy because macro issues can shake them again.
Samsung Electronics level-based setup.
Samsung Electronics is the market's key barometer: he wants to see it hold 250,000 won and then break 255,000 won. If it holds that support, he sees upside open to 270,000 won, but at the current ambiguous mid-box he would not chase and prefers waiting for the level to confirm.
SK Hynix watch 1.65m break.
SK Hynix needs to break 1,650,000 won to open upside toward 1,800,000 won. Support remains 1,615,000 won, and as long as that holds he sees a possible technical rebound, but a loss of support would reduce conviction.
Samsung Electro-Mechanics break triggers substrate rally.
Samsung Electro-Mechanics is seeing foreign and institutional buying. He says it must hold 1,300,000 won, and if it breaks 1,450,000 won, that would likely trigger strong follow-through in the four major Korean substrate makers, but he still sees the current entry as ambiguous.
Buy test socket names on custom AI.
Broadcom and Marvell earnings confirm non-Nvidia custom AI demand is growing, which raises demand for semiconductor test sockets. Among the three socket names, TSE is strongest with DDR5/HBM socket expansion, while ISC has SK Hynix concentration and a lower price area; he prefers ISC and TSE depending on risk appetite, while Leeno is held back by labor issues.
Doosan Enerbility nuclear band attractive.
Doosan Enerbility is attractive in the 70,000–80,000 won range because nuclear power buildout is still expanding and skilled nuclear workers are becoming scarce, supporting pricing and project growth. He likes its band and views nuclear as a policy-supported energy source.
Taekwang preferred LNG data-center fitting play.
LNG remains the near-term usable power source for data centers, and Korean pipe fitting names are leveraged to US LNG terminals. Among Taekwang and Sungkwang Bend, Sungkwang Bend is more pure-play US LNG terminal/piping, while Taekwang has more diversified revenue and stronger cash/assets, so he prefers Taekwang for future growth exposure.
Secondary batteries rally if SDI breaks 550,000.
He sets conditional levels for a secondary battery rally: KOSDAQ above 820 points and especially Samsung SDI reclaiming 550,000 won would open strength in names like EcoPro BM, EcoPro, and Daejoo Electronic Materials. Until those levels break, it is not yet an aggressive buying window.
This 815 Money Talk (815머니톡) video, published September 03, 2026,
features Ha Chang-bong, Lee Ju-hyeon, Lee Kwon-hee, Kim Tae-seong
discussing JPY, NVDA, MU, ORCL, AVGO, CRM, OKTA, CRWD, SNOW, Korean semiconductor equipment and materials, Korean construction, Korean power transmission, 298040.KS, 010120.KS, 267260.KS, 000500.KQ, D.I. Corporation, 067310.KQ, Wonik Q&C, Wonik Materials, KORU, 161890.KS, 007660.KS, 196170.KQ, 403870.KQ, 042700.KS, Duksan Hi-Metal, Korean secondary battery sector, 005930.KS, 000660.KS, 009150.KS, Korean substrate four majors, ISC, TSE, TFE, 034020.KS, Taekwang Industrial, 108860, 006400.KS, 247540.KQ, 086520.KQ, 078600.KQ.
22 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Ha Chang-bong,
Lee Ju-hyeon,
Lee Kwon-hee,
Kim Tae-seong
· Tickers:
JPY,
NVDA,
MU,
ORCL,
AVGO,
CRM,
OKTA,
CRWD,
SNOW,
Korean semiconductor equipment and materials,
Korean construction,
Korean power transmission,
298040.KS,
010120.KS,
267260.KS,
000500.KQ,
D.I. Corporation,
067310.KQ,
Wonik Q&C,
Wonik Materials,
KORU,
161890.KS,
007660.KS,
196170.KQ,
403870.KQ,
042700.KS,
Duksan Hi-Metal,
Korean secondary battery sector,
005930.KS,
000660.KS,
009150.KS,
Korean substrate four majors,
ISC,
TSE,
TFE,
034020.KS,
Taekwang Industrial,
108860,
006400.KS,
247540.KQ,
086520.KQ,
078600.KQ
