Samsung Electronics·SK Hynix's Defensiveness in Focus

This is interpreted as a temporary phenomenon due to war issues.

Samsung Electronics and SK Hynix began trading with declines of 3.5% and 3.7%, respectively. These large-cap semiconductor stocks amplified their losses amid the overall decline in global stock markets. However, they demonstrated relatively effective defense against downward price movements through share buyback programs, even in a falling market.

Oracle's recently announced earnings surpassed market expectations for both revenue and earnings per share (EPS). In particular, AI cloud revenue grew by 60% year-over-year, confirming the overall industry trend of AI transformation. This strong performance is expected to have a positive lagging effect on the domestic stock market if the macro environment eases.

A significant portion of contracts now involve customers directly providing hardware or GPUs, changing the structure so Oracle doesn't have to bear all infrastructure investment costs. This is considered a strategy to alleviate the massive initial investment burden faced by cloud service providers.

Increased HBM production drives up prices for general-purpose DRAM, positively impacting the overall semiconductor market. When the macro environment stabilizes, upward pressure on the HBM-related sector is expected to recover further.

In other words, the biggest advantage in the current situation is that even if stock prices fall, the decline may be less severe. These large-cap stocks are considered an effective investment strategy for long-term holding until the end of the year.

The AI chip sector is most directly affected by rising long-term bond yields. Therefore, it is considered the sector that can recover the fastest when bond yields stabilize. If the interest rate environment improves, the materials, parts, and equipment (Soo-Boo-Jang) sector within KOSDAQ is expected to continue to act as a pillar of the market.

Instead of strategic selling, a profit-taking strategy that realizes some gains is recommended. It is particularly important to monitor whether the TSE (Taiwan Stock Exchange) value of 270,000 won is breached.

Jusung Engineering experienced mechanical buying of approximately 120 billion won due to the KRX Semiconductor rebalancing. This supply and demand expectation alone led to an intra-day rise of nearly 16%. The company possesses technology for solar and perovskite deposition equipment and is demonstrating its technological prowess by supplying HBM3 test volumes to SK Hynix.

The company has completed the acquisition of a 60% stake in Ghost Robotics and is pursuing expansion in the U.S. military market with its quadruped robot 'Vision 60'.

LIG Defense & Aerospace recorded a solid performance with an operating profit margin of 12.1% in the first half of the year. The export proportion significantly expanded from 19.9% to 27.9%, which is a result of increased sales of high-margin precision guided weapons. The company currently has an order backlog of 26 trillion won, and further performance improvement is expected as Cheongung-II exports to the Middle East begin in earnest.

Investors should refer to the suggested price strategy for their response.

Taewoong is seeing long-term momentum in nuclear power and SMRs (Small Modular Reactors) beyond offshore wind. Doosan Enerbility is expected to see an accelerated pace of orders due to the U.S. Department of Energy's long-lead-time equipment replacement program. These companies are projected to achieve stable growth based on policy support.