MBN Gold manager Sung Ha-jun presented an investment strategy for gas combined cycle power generation and nuclear power market related stocks within the US investment cycle, recommending Nexsteel.
He advised focusing on value chain companies, including Essentech, and suggested that a strategy of buying at dips rather than chasing rapidly rising stocks would be effective.
This reflects expectations for benefits from US nuclear power projects, and he evaluated that KEPCO E&C has high potential for further growth due to its APR 1400 design certification reference. Manager Sung suggested raising KEPCO E&C's secondary target price to 165,000 won, anticipating additional upward momentum.
On this day, manager Sung Ha-jun introduced Nexsteel as today's recommended stock, explaining that it is a steel pipe related stock that rises with oil prices. Nexsteel is a steel pipe company similar to SeAH Steel, with its main products being oil country tubular goods (OCTG) and line pipes. He identified it as a stock expected to see structural demand increase with expanded US energy production.
Manager Sung Ha-jun emphasized that Nexsteel is expected to benefit from large-scale US investment projects such as the Texas LNG power generation and Alaska gas pipeline projects. Furthermore, by acquiring stakes in US steel pipe manufacturing and distribution companies, it is securing local production bases and strengthening its presence in the US. The establishment of these local production bases is expected to maximize benefits from future expansion of US energy infrastructure investment.
Manager Sung Ha-jun presented Nexsteel's investment strategy, stating that it is sufficient to buy by observing the current price trend. He recommended setting a primary target price of 17,000 won and a stop-loss price of 11,500 won for managing risk. This pricing strategy aims to guide investors in leveraging Nexsteel's upward potential while also managing risk.
Answers come from the transcript, with the exact spot cited.
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