Samsung Electronics Advised to Adjust Average Purchase Price Amid Shareholder Return Expectations…SK Hynix Must Hold ₩1.75 Million as Base for HBM Growth

Samsung Electronics maintains continuous growth in its memory, foundry, and smartphone businesses, while simultaneously anticipating further announcements regarding shareholder return policies. The stock's support line is set at ₩242,700, and the first buying price range is analyzed to be appropriate between ₩254,000 and ₩265,000.

Should the shareholder return policy be concretized, there is a possibility that the short-term resistance level could be adjusted upwards from the existing ₩318,500. These complex factors are expected to significantly influence Samsung Electronics' stock price movement.

Manager Seong Ha-jun stated, "For Samsung Electronics, I suggest a strategy that incorporates the growth trend of memory, foundry, and smartphones, along with the expectation that 'there's still one more shareholder return policy left.' In that case, what support line should you set? You can set it at ₩242,700," explaining the investment strategy for Samsung Electronics.

Investors who have already purchased Samsung Electronics at high prices, especially in the ₩350,000 to ₩360,000 range, are advised to adjust their average purchase price to the ₩310,000 range. This is because the upward trend could be limited if expectations for the shareholder return policy announcement lead to disappointment.

Beyond fundamental factors, the shareholder return policy is likely to be a key element in restoring investor sentiment. Manager Seong Ha-jun advised, "There are people who are already trapped at high prices, like ₩350,000 or ₩360,000. So, I'll tell you straight: adjust your average price to ₩310,000. If you match it to around ₩318,000 or ₩300,000, you'll at least break even, won't you?"

SK Hynix announced an aggressive policy to cancel ₩40 trillion worth of treasury shares and use over 50% of its free cash flow (FCF) for shareholder returns. This decision is based on confidence that the company maintains net cash of ₩69 trillion even after large-scale capital expenditures (Capex).

Market expectations are growing that the memory cycle will enter a long-term boom, unlike in the past, fostering confidence in SK Hynix's robust ability to generate profits. Manager Seong Ha-jun stated, "At this point, Hynix is saying, 'Hey, I'm making money. I'll give it back.' In the past, the memory cycle was a roller coaster, but how is it these days? It's just going up. There's an expectation that the boom will continue, and as the memory industry improves, it's like, 'We'll make money again even if we spend it now.'" emphasizing this positive feedback loop.

SK Hynix's second key point is its unique position in the High Bandwidth Memory (HBM) market. As the era of agent AI arrives, data processing volume is surging, and consequently, GPU computational load is proportionally increasing.

Beyond simply an increase in GPU sales, the value of HBM installed in each GPU is also rising. This trend further elevates SK Hynix's future earnings expectations.

There is also a possibility that focusing on HBM production could limit general DRAM supply, exacerbating supply-demand imbalance. Manager Seong Ha-jun emphasized, "SK Hynix's second point is HBM. As expectations for agent AI grow, the computational load on GPUs has also increased. An increase in GPU sales from 100 to 120 is growth, but because the value of HBM going into each GPU is also growing, SK Hynix's future earnings expectations can only get higher."

The stock price trends of Samsung Electronics and SK Hynix are now expected to diverge. Samsung Electronics possesses additional catalysts beyond memory, namely its foundry and smartphone businesses, allowing for more diverse drivers of growth.

In contrast, SK Hynix's reliance on specific memory technologies, particularly HBM, is relatively higher. Furthermore, Samsung Electronics still has a strong catalyst in its yet-to-be-announced shareholder return policy, suggesting that Samsung Electronics might have a greater impact than SK Hynix. Manager Seong Ha-jun explained, "The stock price movements of SK Hynix and Samsung Electronics are likely to be different from now on. Moreover, Samsung Electronics still has further catalysts regarding its shareholder return policy, so SK Hynix might require a slightly more conservative approach than Samsung Electronics."

For a strong short-term rise in SK Hynix, it is crucial for the ₩1.75 million level to be broken and then act as a support layer. This price point corresponds to the opening price during the accumulation phase when SK Hynix and other large-cap stocks prepared for strong upward momentum in the past.

Currently, the after-market closing price of ₩1.761 million surpasses ₩1.75 million, which can be interpreted as a positive signal.

However, if the stock price falls below ₩1.75 million, there is a high possibility of entering an adjustment phase, thus requiring close observation of this price level's support. Manager Seong Ha-jun emphasized, "I always said that the price level that needs to quickly break resistance and turn into support is the ₩1.75 million range. That price level is the opening price during the accumulation process when large-cap stocks, including SK Hynix, were preparing to create another strong rally."

If considering a new purchase of SK Hynix, it is necessary to confirm that the stock price remains above ₩1.75 million for at least three trading days. This means demonstrating a clear stabilization above that price level, not just a temporary breach of ₩1.75 million.

If a candle opens at ₩1.75 million but shows an unstable pattern with a long upper wick, it cannot be considered meaningful support, and the three-trading-day count must restart.

Aggressive buying is recommended only after a clear bottoming-out process is confirmed. Manager Seong Ha-jun specified the precise buying timing: "If SK Hynix trades above ₩1.75 million for at least three trading days, then you can buy. If you set it at ₩1.75 million and a candle forms but has a long upper wick, is that meaningful? No, it's not. It's broken. Then you have to count three trading days again."

SK Hynix's short-term target price is presented as ₩1.947 million, which is analyzed as the price investors should primarily watch.

Furthermore, from a long-term perspective, it is projected that there is potential for the stock to rise to ₩2.1 million. The recently announced ₩40 trillion share buyback and cancellation policy is expected to secure downside rigidity for the stock price and act as a significant factor in increasing expectations for further upside.

Manager Seong Ha-jun stated, "The ultimate target price I'm looking at for SK Hynix is ₩1.947 million. It can go higher, but for now, you just need to look at this level. Frankly, for this stock, it's open up to ₩2.1 million."

Alteogen announced plans to invest approximately ₩253.2 billion in Daejeon to construct a new factory. This factory is targeted for completion in 2028, with key production items including the self-production of raw materials for 'Keytruda SC.'

This large-scale investment is interpreted as Alteogen's strategy to strengthen its competitiveness in the global bio market through expanded production capacity. Manager Seong Ha-jun mentioned, "What is Alteogen saying now? They're investing approximately ₩253.2 billion in the Daejeon area to build a new factory," conveying Alteogen's investment plans.

For Alteogen, a staggered buying strategy is recommended, with the first support level at ₩312,000 and the second support level extending to ₩287,000. It is particularly advisable to enter after confirming support in the ₩310,000 range.

This strategy aims to diversify risk and pursue stable returns by considering short-term stock price volatility.

Manager Seong Ha-jun provided specific buying price ranges: "Set it at ₩312,000. The ₩312,000 range. ... I'm saying ₩310,000. ... You need to open it up to ₩287,000."

To definitively confirm Alteogen's bottom, several conditions must be met. First, a candle with an opening price of ₩310,000 must form and be maintained for at least three trading days.

Second, at the time of such candle formation, trading volume must show a gradual recovery. Only when both of these conditions are simultaneously met can ₩310,000 be considered a meaningful bottom. Manager Seong Ha-jun emphasized, "To confirm that ₩310,000 is the bottom, a candle opening at ₩310,000 must appear for at least three trading days, and this kind of candle must emerge when trading volume is gradually recovering."

Alteogen's mid-term resistance target price is set at ₩395,000. This price reflects expectations that the recently announced large-scale factory investment plan will generate positive synergy effects on corporate value in the future.

If the expansion of production capacity through new factory construction and the plan for self-production of Keytruda SC raw materials proceed smoothly, there is deemed to be sufficient upside potential for the stock price in the mid- to long-term. Manager Seong Ha-jun stated, "The level I'm looking at is ₩395,000. ... Mid-term resistance. I shouldn't reveal my target price in a public broadcast. ₩395,000," disclosing the target price.

Manager Seong Ha-jun operates Naver Band and Telegram channels to provide real-time information and communicate with investors. In particular, if sudden news or market fluctuations occur even on weekends, he conducts emergency broadcasts through these channels to help with immediate responses.

This is aimed at supporting investors to respond more effectively through rapid information sharing and presentation of investment strategies regarding market conditions.

Manager Seong Ha-jun encouraged joining the information channels, saying, "I often do broadcasts suddenly on weekends if there's news, so please join the Band, everyone."