SK Hynix Shareholder Return Policy Positively Impacts Market; Focus on Themed Stocks like Coin, AI

SK Hynix's announcement of a 40 trillion won share buyback and cancellation policy has garnered significant market attention. This acted as a major factor in driving up the stock price, as has already been mentioned in broadcasts. This large-scale shareholder return policy is spreading expectations for increased shareholder returns beyond SK Hynix to the broader market. In particular, it is likely to have a positive impact on other semiconductor sectors, such as Samsung Electronics, potentially leading to a simultaneous rise.

Despite emergency US Treasury buybacks, the New York stock market remained unstable. The rise in Treasury bond yields seemed to lose its effect after just one day, heightening overall market concerns. Meanwhile, Moderna's stock price experienced a significant technical correction, falling by over 20% after a sharp surge the previous day. This acted as a factor in dampening investment sentiment not only for Moderna but also for the broader biotech sector.

The domestic night futures index closed with a slight decline of 0.26%, reflecting the subdued market sentiment. In particular, the ongoing risks in the Middle East are pointed to as a factor of instability. This is an ongoing issue, adding to market uncertainty. Furthermore, the renewed rise in Treasury bond yields is also cited as a factor that could lead to a short-term market contraction.

Bitcoin surged by about 10%, leading to a simultaneous rally in the related stablecoin sector. This is analyzed as a result of a short squeeze. At the same time, policy expectations, such as former President Donald Trump expressing his intention to ease cryptocurrency regulations and meeting with the Coinbase chairman, also contributed to the rise in the coin sector. These positive trends have driven up related stocks.

The coin-related sector has a strong short-lived nature, so a short-term approach rather than a long-term one is needed. Especially since Friday marks the end of the week, a day trading strategy of buying and selling on the same day is likely to be effective. Considering the current market situation and the characteristics of the coin theme, a quick in-and-out strategy is recommended rather than holding for a long time.

SK Hynix's 40 trillion won shareholder return policy is not just limited to that company. This policy is expected to be a catalyst for expanding shareholder returns across the entire market. In the past, the scale of shareholder returns from companies like SK Hynix and Samsung Electronics was relatively insignificant, but now, with 40 trillion won being returned to shareholders, investors' perceptions are expected to change significantly.

With SK Hynix and Samsung Electronics deciding to use 50% of their operating profits for shareholder returns, investors' perspectives on the two companies are fundamentally changing. The scale of share buybacks and cancellations, which was merely around 1 trillion won in the past, has now dramatically expanded to 40 trillion won, leading investors to expect greater returns beyond just receiving dividends. This shift in perception is likely to accelerate investment and encourage more aggressive accumulation.

Share buybacks and cancellations have a positive effect on defending stock prices, but they are not entirely good. This is because there are limits to the share ratio held by specific institutions or affiliates during the process of buying and cancelling shares. These problems with the share structure can act as factors limiting the effectiveness of share buybacks and cancellations.

Samsung Electronics is judged to have formed an appropriate bottom zone between 220,000 won and 230,000 won. SK Hynix is also analyzed to be in a bottom zone from the early 1,200,000 won range to the 1,300,000 won range. Since the fundamentals of these companies have not been impaired, it is diagnosed that further declines from the current level are unlikely. Therefore, it is suggested that current stock prices can be considered a bottom for investment.

With the scale of shareholder returns significantly expanding compared to the past, expectations for corporate valuation reassessment are growing. When assuming a 40 trillion won shareholder return at a past stock price level of 1.7 million won, the current return scale is simulated to have increased by about 40 times compared to the past. Based on this analysis, if Samsung Electronics returns over 100 trillion won to shareholders, its fair stock price is expected to rise to the 400,000 to 500,000 won level.

Stablecoin-related sector stocks like Kakao Pay are worth considering for a short-term play. It is important to approach them while checking market supply and demand trends, and for Kakao Pay, a short-term rise to the early 50,000 won range is expected. Furthermore, for related stocks like ITsen, a strategy of buying during pullbacks is likely to be effective. As demand is observed flowing into various stocks, short-term investment opportunities can be sought.

NHN KCP is a company worth noting as a leader in the domestic stablecoin market. It has experience issuing 11 stablecoins in Korea and holds the highest market share in the online electronic payment processing service market. Furthermore, it has registered numerous stablecoin-related trademarks, strengthening its competitiveness in this field. These strengths are key reasons for NHN KCP being evaluated as a stablecoin market leader.

Stablecoin-related stocks currently have a PER (Price-to-Earnings Ratio) of around 13-14 times. This is significantly lower than the past PER ceiling of 40 times, indicating that this sector is undervalued. Considering the high PER it recorded in the past, the current low PER can be a basis for analysis that there is sufficient room for future stock price appreciation.

Selvas AI is showing strength in pre-market trading, and this momentum could lead to a simultaneous rise in other AI-related stocks. Following Selvas AI's upward trend, attention should also be paid to stocks like Nota, Saltlux, and MakinaRocks. As the AI industry's growth accelerates, a ripple effect across related stocks is anticipated.

Madup's current stock price of 8,500 won, compared to its IPO price of 8,000 won, is considered to be in an undervalued range, having not risen significantly above the IPO price. This suggests substantial upside potential, and the stock is evaluated as having room to grow. Therefore, at this point, investing in Madup can be positively considered.

Genic is a company that produces basic cosmetics and mask packs, holding core technology for mask packs. It is also diversifying its business by engaging in pet medicine bio projects. Recent operating profit increases indicate clear performance improvement, highlighting its investment appeal. These factors are expected to positively impact Genic's stock price.

The expansion of AI data centers is expected to lead to an increase in demand for telecommunications equipment, making it necessary to pay attention to telecommunications equipment stocks like PS Electronics. This is because the construction of AI data centers requires not only power infrastructure but also a variety of communication equipment such as repeaters, amplifiers, and lasers. PS Electronics is also making efforts to defend its stock price through measures like share buybacks, receiving positive evaluations.

PS Electronics excels in developing low-power, high-efficiency amplifiers for smart devices. Amplifiers consume the most power in smart devices, and the company produces low-power, high-efficiency products in this area. Furthermore, it leverages its Vietnam factory to reduce production costs and also operates camera module and automation solution businesses, securing its competitiveness. These technical and production efficiency strengths are key characteristics of PS Electronics.