Market Revitalized as Foreign Investors Return, Samhyun in Focus

Approximately 200 trillion won of foreign capital flowed out since the beginning of the year, but recently about 6 trillion won has flowed back in. In the past, foreign supply and demand concentrated only on large-cap stocks, not significantly affecting the KOSDAQ market. However, currently, the concentration of supply and demand, primarily in the semiconductor sector, is driving a simultaneous rise in the KOSDAQ market. This signifies a shift to a market where dependence on leveraged ETFs decreases and specific main sectors lead the market.

The market-leading sector, which was previously centered on biotechnology, is currently shifting towards semiconductors, energy (including solar and nuclear power), and physical AI. As the actual performance figures of major tech companies like OpenAI prove themselves, skepticism about AI technology has significantly decreased. The strength of these leading sectors creates expectations for a trickle-down effect across the market, fostering an optimistic outlook.

From the fourth quarter, this technology and increased demand are highly likely to be reflected in actual performance figures.

In particular, buying momentum in nuclear power theme stocks such as Doosan Enerbility, KEPCO E&C, and Hyundai Engineering & Construction is prominent, driven by expectations for nuclear power plant investments in the U.S. Conversely, selling was observed in some stocks, including LG Group affiliates and Samsung Electro-Mechanics.

The glass substrate theme is showing a supply and demand rotation along with CXL. Recently, FNS stimulated market volatility by unveiling a 2mm glass substrate equipment. Although this equipment is not yet in mass production, the announcement alone led to a near limit-up surge, demonstrating a short-term theme rotation trend.

With large-cap stocks like Samsung Electronics and SK Hynix showing an upward trend, foreign investors are beginning to flow into KOSPI. Large substrate stocks that have not yet moved are considered a buying opportunity. Favorable macroeconomic conditions and the possibility of falling oil prices are expected to have a positive impact on these market trends.

This positive trend highlights the importance of a technical perspective with an eye towards breaking the 100,000 won mark.

Jusung Engineering is in a transitional period where deposition equipment technology is moving towards ALD (Atomic Layer Deposition), and this technological shift presents an opportunity to secure high competitiveness. In the third and fourth quarters, an additional revenue stream of approximately 80 billion won is expected through increased sales and the connection of solar power equipment. Accordingly, the target price has been raised to 230,000 won.

A supply contract with a global humanoid company is anticipated, and sales are expected to begin in earnest from the second half of the year. This factor enhances Samhyun's growth potential within the robot sector.

A trend of technology stocks accompanied by trading volume has been observed, which can be interpreted as a signal for robot stocks to break out of their bottom. Investors can consider investing in Samhyun based on these price levels.