Let's take a look at the issues that need to be confirmed through the opening remarks and strategies. Today, I will be joined by Yacheon Investment Research Center's Director Namino, Wizwave's CEO Lee Gwon-hee, Eugene Investment Securities' Director Kim Yong-jae, and High Investment Securities' Manager Lee Gwon-hee. Welcome. SK Hynix's stock price has exceeded 210,000 KRW for the first time in history based on the closing price. Starting today with news about Hynix, yesterday SK Hynix once again set a new all-time high during trading hours, led by strong performance of U.S. tech stocks like Nvidia, which lifted SK Hynix's stock price. On the contrary, Samsung Electronics' stock price showed a contrasting trend with a sharp decline. I apologize for mentioning Manager Lee Gwon-hee again instead of Manager Lee Il-hui. Manager Lee Il-hui is the CEO, and Manager Lee Gwon-hee is from Eugene Investment Securities. Is it still too early to expect a simultaneous rally in semiconductor stocks?

From March 2024, when Jensen became the CEO, after the Samsung Electronics' chip supply issue, a strong uptrend in Samsung Electronics began to emerge. From mid-April, discussions about Samsung Electronics' cooling trend started to appear. Since then, SK Hynix has been showing signs of recovery in foreign investment flow. There have been many discussions on this recently. Especially for SK Hynix, its weight in the KOSPI 200 has risen to 99.8%. Ultimately, due to the structure where a single stock cannot be overweight by more than 10%, passive funds can adjust accordingly. However, this does not mean that they cannot invest more than 10%. This is because Samsung Electronics also holds about 29% of the weight, allowing for some additional purchases within the market cap limit.

I am thinking that in the end, tomorrow is the expiration date for the gift option. So, eventually, there could be enough discussion about the liquidation of the long-shot funds that have been shouted as short on Samsung Electronics and long on Hynix. In terms of the monthly futures, it may change sufficiently in favor of Samsung Electronics. Of course, the rise in SK Hynix's stock price was influenced by Samsung Electronics, as the preemptive effect of HBM is still drawing attention in the market. Eventually, from the third quarter of NVIDIA, with the acceleration of Black, competition for upgraded semiconductors from 8-tier to 12-tier and 16-tier is expected to intensify. Therefore, if Samsung Electronics' Culte passes this time, today at the Foundry Forum, an organization

There seems to be a possibility of a shift in shareholder structure, so there is a sufficient potential for change. Recently, there have been some issues with SK Hynix due to Chairman Choi Tae-won, and related issues regarding the merger of SK Square and SK have emerged. SK Square holds a 20% stake in SK Hynix, so there may be some value in dividends in the future. However, currently, in the situation, Chairman Choi Tae-won mentioned that more investment is needed for factory expansion, so I think that focusing on dividends could hinder innovation. I personally think that there could be a change in foreign investors' shareholder structure. SK Hynix took the lead in competition by supplying Nvidia with the HBM3 generation first, but securities firms still believe that a favorable environment is being created for Samsung Electronics.

There is an optimism that Samsung Electronics and Nvidia need to deliver quickly. I believe that the day when all semiconductor companies' stock prices soar together is coming soon. If SK Hynix surged in the KOSPI yesterday, there was a stock right on the KOSDAQ. Alteogen surpassed EcoPro to become the second largest market capitalization on the KOSDAQ. In just one year, its value has increased sixfold. Where is the strength of Alteogen, Mr. Namino? The strength of Alteogen lies in Keytruda, a drug known for its PD-1 injections. The news that they will transition from a mere buyer to an exclusive contract with Merck, a global pharmaceutical company, finally propelled Alteogen to second place on the KOSDAQ. Just a year ago, Alteogen's market capitalization was only ranked 12th on the KOSDAQ. However, as of yesterday's closing price, it has risen to second place.

Ecopro BM, now the difference compared to the past is huge, about 5 trillion won. If the current trend continues, there is an expectation that it may even surpass the first place. Now, I will tell you the key point. A company that used to be around 2-3 trillion is now over 15 trillion in market capitalization. It's a bit burdensome for us to buy in right away because the stock price, which was 50,000 won a year ago, is now 285,000 won. Therefore, instead of rushing in here, I would rather recommend taking a bit of a break. In other words, entering around 230,000 to 240,000 won would be good. As I always emphasize in my portfolio, in the bio and secondary battery sectors, aren't they the two main players in the KOSDAQ market? It's like the older brother goes out first and then moves.

Recently, there seems to be a trend where secondary batteries are depleting and now showing signs of recovery, but lately, it seems like biotech is moving faster. So, in terms of portfolio, I suggested allocating around 10% to secondary batteries before. The same goes for biotech. It would be good to have about 10% of biotech sector stocks in the portfolio. Yes, Kituruda mentioned this earlier. The revenue of Merck's Kituruda is expected to reach $30 billion by 2024. Compared to that, the market cap of Alteogen is still too small, according to securities analysts' positive views. Now, Researcher Eom Min-yong from Hyundai Securities mentioned that the target price for Alteogen in February was 300,000 won. Do you think there is further room for an increase? Well, I...

I believe it's possible because as I mentioned just now, Nvidia in the United States beats the U.S. flagship company, Apple. Just six months ago, we couldn't even imagine that, but now it has become a reality. That's how fast the trends change. Just as our guest mentioned, the growth potential and marketability of Kituruda are very high. However, although it was 50,000 won and is now at 280,000 won, I feel a bit burdened to recommend buying at this point. Yes, I understand. In the past week, Alteogen, the stock that rose the most in the KOSDAQ market, will continue to show sustained strength this week. We need to keep following the stock price trend. The next issue is that key executives of Lotte Chemical, Lotte Energy Materials, and Lotte Precision Chemical, the three major companies of Lotte Chemical, have stepped up to buy back their own shares. These three company executives are buying shares worth hundreds of millions of won.

News has spread that there was a purchase, and it had a significant impact on the industry as a whole. In the oil and chemical sector, there was a simultaneous strong performance. CEO Lee Kwang-hee and executives have started buying back their company's shares. Could you please explain the background of why they are doing this? Initially, they probably bought it because it seemed attractive, right? For now, although it's a chemical stock, analysts are questioning whether it has hit rock bottom. There is a sense of recovery in performance from the first quarter, which seems to be faster compared to other industries. Despite this, executives are not buying just because it's cheap. Executives of Lotte Chemical, Lotte Fine Chemical, and Lotte Energy Materials have been buying back their company's shares one after another. Looking at the recent stock trends of these three companies, it seems that they are buying at the bottom.

It shows a bit of a rushed appearance, and three lawmakers from Lotte affiliates disclosed their purchases of company stocks. The market has now judged that there is a willingness to enhance shareholder value by management, but there are various debates in the securities industry about whether to start actively including chemical stocks or not. However, observations that the bottom has been touched are starting to emerge slowly. Especially, with demand steadily increasing towards the United States, recent Chinese policies include a policy called Replacing the Old with the New. In other words, if you discard the old and buy the new, they will give you the new product at a discount. In the past, in Korea, when you exchanged an old washing machine, they would give you a new one. That's how it used to be. If you bring this in now, if you buy three items, they will give you a discount while taking one back.

Now, they are providing support, giving some texts, and yes, so based on these policies, there is a possibility of expanding consumer investment demand. When products change, a lot of chemical products are included. According to that, the investment sentiment is gradually becoming more favorable. Looking at chemical stocks, many companies have been in the red for almost two years, but this year, there are many companies expected to turn to profit. Therefore, there is some attractiveness in terms of valuation for the issue of bottoming out, and companies such as Lotte Chemical, LG Chem, and recently, Kumho Petrochemical, and Daehan Yooa were strong yesterday. If you look at Aekyung Chemical and Taekwang Industrial, you can see that they are also gaining attention. It might be good to consider following the trend when it starts to rise a bit.

It's going up. Yes, it seems you can go up a little more and buy it. Right? Yes, Lotte Chemical's executives expressed their commitment to responsible management. Of course, there may have been some profit-taking as well. We hope to see the results of yesterday's strong market expectations and price rebounds. Lotte Chemical's third-quarter performance has been supportive of the stock, but Apple, on the other hand, suffered from trying to do well. Apple's in-house AI system, which was unveiled at the World Developers Conference, did not meet market expectations. Due to such criticism, the stock price dropped by 1.9%. So, as domestic stocks fell one by one, a turnaround occurred. Now, securities firms and Wall Street analysts are carefully considering this. Even though there was no particular announcement, Apple's stock price surged by 7.3% overnight.

How do you view the direction of the related stocks following Apple's announcement of its AI strategy? As you mentioned, yesterday's evaluation and today's evaluation were really, really different. In fact, if I may elaborate a bit on yesterday's evaluation, in the field of AI, Apple, which can be considered a bit of a newcomer, was expected to show its innovation, which is its trademark, in AI after thoroughly preparing for a long time. However, when the lid was finally opened, the content was quite similar to what was already known, with some minor updates. Some evaluations even said that there wasn't a significant difference compared to Galaxy. However, a slightly positive aspect is that they are focusing on privacy by using a private cloud system and are building an AI strategy that improves completeness, albeit slowly. These are some of the positive evaluations.

However, investors who have been waiting with expectations that iPhone sales estimates will be revised upward this year were disappointed. Rather than that, news came out vertically, selling news vertically. As a result, most Korean parts suppliers plummeted by nearly 5% to 15%. This is partly due to the fact that stock prices are linked to Apple, and Apple had a rebound in expectations for AI starting from the end of April. This rebound was even more significant. Therefore, the selling pressure was not strong. However, based on today's news, it seems that there is a possibility of increased demand due to the AI phone announcement. Especially for iPhones at the moment, sales have been declining over the past three years, so there may be a high demand from enthusiasts for the new iPhone.

There is a new demand for Korea. Also, in the case of Galaxy, it was emphasized that when AI is applied initially, it was confirmed that sales increase. What is more provocative here is that only iPhone can implement AI by more than 15% currently, so it seems inevitable that 95% of existing iPhone users will have demand for replacement. I think this is somewhat provocative. Therefore, it is recorded between countries, and in the end, in today's case, there is a possibility that related stocks will rebound sharply. In fact, I personally thought that the decline was a bit severe yesterday because expectations for second-quarter performance have increased due to the recovery of iPhone sales in China. Also, in terms of valuation levels, they were originally relatively low, but they became even lower with the additional sharp decline yesterday. So, now

Currently, LG Innotek's multiple is 6.9 times, while BH's is 6.1 times, and Samsung Electronics' is 7.6 times. I believe it is more appropriate to approach from a perspective of holding rather than selling. I also think it is possible to consider a new buying approach at such a valuation balance. Alright, I understand. Today, as Apple-related stocks benefited a lot from the previous day's decline, a rebound is expected. So, is it effective for those who have some holdings to strategize an exit using today's rebound, or is it better to continue to hold onto the upward momentum of Apple? How do you view this, Director Hwajin? Of course, expectations are high for the upcoming iPhone 16 from Apple. However, even before last year's iPhone 15 was released, there were regulations in China for government officials. In fact, Musk mentioned yesterday that if GPT is introduced, security issues will eventually be discussed.

There is an ongoing issue with the US-China conflict, and because of that, China seems to be doing very well in the recovery of Huawei and Xiaomi smartphones. However, there are concerns about the regulation of iPhones after the issue arises. Of course, the sales of the new iPhone 16 through online devices are expected to increase significantly. Still, considering the regulation in China, it might be an unavoidable aspect to consider. Therefore, I think it would be better to handle this situation while checking on it. Ultimately, even though InnoTek and BH are important, focusing more on online device AI stocks might be better. It seems that the issue of the premium Max model of Apple will become even more significant. Therefore, I am considering expanding the weight on InnoTek. Got it. Now, anchor Jo Jaegil, are you interested in AI phones? Well, it's time for me to change my phone, although.

As expected, I changed to AI1 with s 24. I can't really feel the difference in performance, but I just wanted to change it. Oh, when Apple's AI phone comes out, there will probably be quite a demand for replacements. There are people who change it for no reason, right? Okay, understood. Now, I will continue to check the fastest reports and disclosures. This is newscaster Park Jeong-won. I will summarize the reports that came out this morning, the fastest reports and disclosure times. Today, a significant number of target price adjustment reports were captured. Upward reports were published for Huguh, Doosan, LG Electronics, and Celltrion. In addition, reports on Simtek, Wonnie, QNC, and Upjaba also freshly emerged. On the other hand, Lotte Chilsung maintained its target price of 185,000 won, and it was noteworthy that Samsung Securities initiated coverage of Unid in a new way. Let's check the detailed report content together.

Let's first take a look at the Hugel report. On June 10th, the preliminary results of ITC were announced in the United States. The possibility of Hugel's final decision to win the case has increased. The final review decision is scheduled for October 10th. Although there is pressure to realize profits due to the disclosure of preliminary results, Korea Investment & Securities expects many positive points such as easing litigation risks for Hugel and reevaluating the company's value. Korea Investment & Securities raised the target price by 20% from the previous 250,000 won to 300,000 won. Next is the Doosan report. NH Investment & Securities raised Doosan's target price by 50,000 won and recommended a buy rating. They highlighted the recovery of performance in the electronics sector of the main business and the promising growth of listed subsidiaries such as Doosan Enerbrite, Fuel Cell, and Robotics.

Considering the possibility of cashing out some of the shares after the protection period of Robotics, we also paid attention to the expectations of value-up. Therefore, let's check KB Securities' report on LG Electronics. With B2B business showing a favorable trend, stable business performance is expected. The operating profit of the defense business, which was worth 540 billion KRW in the first quarter, is expected to exceed 1 trillion KRW in the second quarter. Achieving the highest second-quarter performance is anticipated. It was noteworthy that the target price was raised to 160,000 KRW, focusing on the possibility of unit sales growth with the expansion of AI cooling system supply. Lastly, the newly initiated coverage news of Unid was mentioned. Imagin Securities evaluated that Unid, a dies production company, holding a 36% global market share, is expected to benefit from the increasing demand for low-cost potassium. By building thick entry barriers, they are expected to maintain an absolute market position.

A diagnosis called outlook has been released. With the outlook for demand looking favorable, second-quarter performance is also expected to be solid. Shin-Gu Myo's target price was set at 143,000 KRW. The fastest report and disclosure so far was by Park Jeong-won. The next news is about aviation stocks that took off with high performance expectations and have been steadily sailing at high altitudes. Overall, showing a positive trend in stock prices this month, Korean Air, Asiana Airlines, and Jin Air even exceeded the KOSPI index growth rate. Now, let's hear from Director Nam Min-ho about the background of the rise in aviation stocks and what investment strategies would be best to take. The background can be summarized in three points. First, in the past, when we heard about summer vacation, we used to think of July and August only. However, that's not the case nowadays. From January to December, vacationers are traveling all year round.

Let's leave it at that, influenced by this. Next, the second one. What about the international crude oil price, how is it? It was said to have risen a lot this morning, but it is $77. There was a threatening outlook that it would once exceed $100. It seems to be stabilizing around the mid-$70s now. The second reason is that as a result, the airlines' first-quarter results for this year are not bad compared to last year. Korean Air, for example, is expected to achieve its best performance in history. Let me summarize like this. Now, the last, the third, the most important one is that the stock prices have shown a huge adjustment. Let me give you an example. Korean Air's highest price was 31,000 won, and the price just before that was 26,000 won. How much was the closing price yesterday? It was 22,000 won. It rose by just 10% from the previous low of 20,000 won, and Asiana also followed a similar pattern. It fell from the peak of 23,000 won to 9,900 won yesterday's closing price.

It's 1,000 won. In other words, showing sufficient control, now checking the ground and starting takeoff, can we summarize? Now, here is the strategy. I will talk about aviation stocks, which account for 10% of the portfolio. When it's like this, our viewers might swear. They might say, How can you keep living when it's going up 200%? Let me organize this. Semiconductors 30%, automobiles 20%, cash 20%, so 70% is filled. From the remaining 30%, 5% is for the petroleum gas mentioned yesterday, 10% for the bio I mentioned earlier, and now, Korean Air aviation stocks 10%. Among these, it's up to you to make a choice. So, from the remaining 30%, 5% to 10% should be wisely decided by our viewers, in order to have a good swing. That's the summary. Alright, well done. Passenger demand is increasing, and with strong freight rates and land safety, truly everything is.

In the midst of the situation, it was news about our aviation industry knowing the sky. On one hand, a Chinese solar panel manufacturer is debating whether to withdraw or not at a crossroads. The United States is showing signs of imposing tariffs on Chinese companies producing solar facilities in Southeast Asia, such as Malaysia and Vietnam, are gradually closing down their factories. If this happens, it could have the effect of alleviating China's export dominance and supply. What impact will our companies face? Could CEO Lee Gun-hee elaborate on this a bit? For example, there are two investment points recently. What now, with the ongoing U.S. presidential election, both the current president and the challenger, Trump, are fighting to the point of talking about imposing more tariffs. Amidst this, when we look at China, which is the largest in May this year...

On May 16th, there was talk of significant sanctions against China in the United States. However, now there is news that a company called Longi Green Energy, the largest solar energy company in China, has halted production at its Southeast Asian factories. Expectations are growing that supply shortages will be resolved. There has been a lot of talk about bypassing production in Southeast Asia for export. Therefore, although China imposes regulations and tariffs, the problem is that by bypassing through Southeast Asia, goods have entered without tariffs. As a result, Korean companies, especially under the solution of one cell, have suffered significant losses. Last week, news has come that all five cell production lines in Vietnam have been suspended, causing significant damage. Additionally, some production bases in China are also facing a shortage of production and labor.

Rumors are circulating that adjustments are being made. In short, it is said that the current U.S. sanctions are taking effect. Therefore, the possibility of easing tensions with the country is considered high. However, the counterargument is that if you have purchased a lot in advance, wouldn't it have already been like that? Of course, it is said that many have bought a lot. But it is said that if you bought it duty-free and do not use it within six months, taxes will be imposed again. So, if consumption does not happen quickly, it seems to be a point of investment. Therefore, if harmful tariffs are not eliminated within six months, tariffs will be imposed instead. In other words, the government is saying that if you have bought too much and do not install it quickly, we will impose taxes. So, for the time being, it seems to be cheaper. So, probably because too much quantity has been brought, it will take time to install it.

Due to the possibility of being caught, in fact, there is a high chance of incurring losses from the heavily invested side right now. Because of that, as the news is being reported now, one of the solar solutions rose by 8.74% yesterday. In the afternoon, it suddenly rose, showing signs that the inventory burden of Chinese modules will gradually ease from the second half of the year. It is expected that our country's solar solutions, which are exported to the United States, will see profits and benefits. China's solar market continues to aggressively invest and maintain overwhelming dominance. However, it is a fact that depending on how to respond to the U.S. tariff policy, and watching the movements of the stocks of interest, you should refine your investment strategy. Lastly, when it comes to the global market trend, undoubtedly, AI is the one to focus on.

Doosan Group's stock has also taken flight. There is news that the market capitalization of Doosan Group's stock, which has boarded the AI value chain, is increasing. Also, foreign funds are pouring in massively, drawing significant attention from domestic and foreign investors. Could you please tell us about Doosan Group's future-oriented portfolio? Until yesterday, there were eight listed companies in Doosan Group, with a total market capitalization of 28.4 trillion won, which has increased by about 20.7% over the past three months. Especially within Doosan Group's stocks, the newly included items in the AI value chain have surged significantly. In the last month alone, the holding company Doosan rose by 25.2%, Doosan's Eneritz by 10.6%, and Doosan Heavy Industries & Construction by 7.1%. The fact that Doosan Group's stocks have jumped on the AI theme is

The AI theme has now spread from semiconductors to power grids, power devices, and energy. It is currently considered a major topic of interest due to the significant power consumption and heat generation required in AI data centers. If we delve into the details, in the case of the holding company Doosan, starting in the second half of the year, they are planning to supply a key material for AI accelerators, which is copper-clad laminates, also known as CCL, exclusively to NVIDIA. This can lead to an increase in revenue, as well as premium benefits from exclusive supply. As a result, with the influx of foreign buying, the stock price has surged. Additionally, in the case of Doosan Built, their strength lies in small modular reactors, which are evaluated as power sources for AI data centers due to less burden in constructing transmission networks compared to large nuclear power plants. Recently, their stock price soared significantly after securing a 2 trillion won contract with U.S.-based NuScale Power for equipment supply.

Fuel cells can be installed in places where electricity is needed without a separate power grid, which is an advantage. Due to the increase in orders from big tech companies in the United States, it is seen as joining the trend as the stock price of Bloom Energy in the U.S. rises. Overall, the market's response was that the leading group, which experienced a liquidity crisis due to the government's energy policy and a stagnant power market, went through restructuring, leaving only unprofitable businesses criticized. However, at present, it is receiving positive evaluations as it has reorganized its business portfolio with innovative capabilities. The current main business belongs to the sector where long-term revenue growth can be expected, and in addition, future-oriented businesses such as robotics and unmanned aerial vehicles are also visible. Therefore, there seems to be no major obstacle to responding to the possibility of further increase in the group's total market capitalization.

Oracle has released its performance in the New York Stock Exchange, and the results were not very good. However, with our focus on AI, our stock price has surged by over 99% at the moment. Apple saw a significant increase of 7.3% in regular trading last night. We need to keep an eye on it today. We discussed this in detail earlier. Besides, let's check the points we need to keep an eye on before the market opens today. Let's hear from Manager Lee Hwajin about what we should check. Yes, tomorrow we have FFC, and today the CPI consumer price index will be announced. Recently, JP Morgan mentioned that there will be a slight increase of 0.25% compared to the previous one. Also, this morning, the New Year's government bond interest rate decreased. This was not due to expectations but because the results of the New Year's government bond auction related to demand were better than expected, leading to a decrease in the interest rate to 4.4% today.

Now, following the keynote, the atmosphere can be quite volatile, as I mentioned earlier. Samsung Electronics is opening the Foundry Forum today, always presenting new roadmaps related to new innovations every year. Today, there has been ongoing discussion about AR as well, and there have been continuous AMD-related issues in the computer industry. Considering that these issues may attract attention in the market today, the atmosphere could change significantly. Also, with BTS on the verge of a new beginning, the enthusiasm for the entertainment industry hasn't been great, but today there is a possibility of a positive change due to this.

I am thinking about not doing it. Alright, I understand. Although we have been continuously talking about Apple, Samsung Electronics, and our AI technology, entertainment stocks, which have been rising or falling more than ever, are too neglected. I hope BTS can show some strength. I hope that BTS will bring a strong wind to the entertainment stocks. Let's expect an overall market rebound today. We discussed supply issues and strategies with our four guests. Thank you for your insights today. If you want to keep learning about various economic issues, please subscribe, like, and turn on notifications. This was AI caster Kwon Mi-jeong.

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‘21만닉스’ 질주…반도체 동반랠리 가능할까ㅣ실적 기대 안고 순항하는 항공주ㅣ중국 태양광, 동남아 생산 속속 중단...한국기업 반사이익 얻을까 [#이슈N전략]ㅣ머니플러스

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