Analyst Sung Ha-jun of MBN Gold Points to LG Energy Solution as a Buy-on-Dip Opportunity

Analyst Sung Ha-jun of MBN Gold said investors in the current market should manage cash rather than chase purchases. Wary of overheating in the market, he first proposed stepping back half a beat and securing a higher cash allocation. He explained that this is intended to allow flexible responses to a future market correction.

Sung noted that the number of rising stocks on the KOSDAQ has been surging recently. He analyzed that this can be read statistically as a signal of market overheating, which could lead to a short-term correction. He urged investors to keep in mind the possibility that the market may show a sun-gogeum correction pattern for the time being.

He diagnosed that the market is digesting a resistance zone amid an absence of foreign investor buying. He explained that rather than a sudden surge, a healthier and more sustainable rally requires a degree of corrective consolidation to work off excess. He interpreted the correction as an essential process for securing market soundness.

He mentioned that the US 10-year and 30-year Treasury yields have risen to a somewhat burdensome level, which constrains aggressive investment. Even so, he judged there is ample reason to keep investing in companies whose earnings forecasts are being revised upward. He stressed the need to weigh short-term correction factors and long-term investment factors in balance.

Sung advised that even during a correction, investors should focus on sectors with high growth potential and separate quality from weakness. He proposed paying attention in particular to power infrastructure, energy storage systems (ESS), and stocks in the robotics industry, whose expectations have grown with the recent listing of Unitree. He added that these industries are expected to see structural growth.

Despite Unitree's successful listing, he pointed out that it is somewhat hasty to judge that this will drive a rally across the entire domestic robot stock sector. He stressed that investors should focus on the individual competitiveness and roadmaps of domestic robot companies rather than on Unitree's listing itself. He analyzed that the impact on the domestic market could be limited.

Major domestic companies plan to deploy humanoid robots in manufacturing sites starting in the second half of this year, collecting data before full-scale mass production. He explained that this is later than the mass-production roadmap Unitree has already disclosed, so there is a timing gap between Korean and Chinese mass production. He therefore analyzed that direct competition with Unitree in finished humanoid robots will not be easy.

However, given this market situation, he proposed that the focus of domestic robot investment should be on the robot component market rather than on humanoid robots themselves. He stressed that domestic companies could have greater competitiveness in components.

Domestic robot companies are moving to complete robot value chains within their groups, as Hyundai Motor Group is doing. This contrasts with the approach of foreign companies that source parts suppliers from outside. He analyzed that completing the value chain within a group helps cut costs and accumulate data, and could allow component suppliers' earnings forecasts to grow faster. He noted that this strength raises the competitiveness of domestic robot component companies.

Given this flow, he stressed that expectations for the ESS market should be kept open from now on. He forecast that advances in AI technology will serve as a catalyst for ESS market growth.

He stressed that this is not merely a policy announcement but a very important point that could translate into actual orders and contract wins. He analyzed that government policy will be a real driver of ESS market growth.

He added that this conversion is being confirmed through companies' earnings and order cycles.

He stressed that this is a concrete strength beyond mere expectations for the future.

He analyzed that this expansion of production capacity could be linked to expectations of upward revisions to earnings forecasts. He judged that the current share price does not fully reflect these positive factors, so it is a level where buying on dips is possible, suggesting an opportunity for investors.