Semiconductor Soobujang Continues Strong with ETF Rebalancing
Individual stocks like SFA Semiconductor rose 7%, Jusung Engineering 7%, and Pado 6%. TSE and TFE recorded double-digit growth, indicating a positive trend across the market.
While rising due to ETF fund inflows and expectations for physical AI, nuclear power stocks face uncertainties such as licensing.
Individual stocks like SFA Semiconductor rose 7%, Jusung Engineering 7%, and Pado 6%. TSE and TFE recorded double-digit growth, indicating a positive trend across the market.
Component-related companies, in particular, received more market attention than finished product manufacturers.
As component-focused prices formed, 3 Myeon and CS Robotics rose 13%, leading the market's uptrend.
This signals that the robotics industry is moving beyond mere expectations to actual business performance.
Investors with spare capital need a strategy to hold until the 17th in the short term.
In the mid to long term, it is advantageous to capture market opportunities after the 12th Electricity Basic Plan announcement and after October.
As a result, KEPCO E&C and Doosan Enerbility are identified as key beneficiaries.
The original plan for 8 AP1000 units was changed through negotiations, benefiting KEPCO E&C. Discussions for equity investment in Westinghouse are expected in Q1 next year.
This implies a realistic timeline where short-term results are hard to expect.
Therefore, investment in nuclear-related companies should be approached from a mid to long-term perspective.
Ultimately, there won't be talks about immediate construction. Because land needs to be acquired and permits obtained. That takes about 1.5 to 2 years. So, they can't break ground right away.
A positive momentum for the nuclear sector is expected from October. The provisional announcement of the 12th Electricity Basic Plan is scheduled, and there's a possibility of including 4 reactors, more than the previous consensus of 2.
The DOE's 24 trillion won loan to Westinghouse in the US could also positively impact the nuclear industry. Doosan Enerbility is drawing attention with the possibility of supply contracts by year-end.
Nuclear-related companies have recently risen 30-40% from their lows, increasing short-term profit-taking desires. Cases of volatility in US nuclear stocks support this trend.
However, the nuclear industry has an industrial environment that is difficult to see as a mere theme, and it contains long-term growth potential.
The electricity shortage is actually due to a lack of transmission line infrastructure, not a lack of electricity generation. Establishing power infrastructure emerges as an essential task.
From this mid to long-term perspective, the nuclear sector has an industrial structure that should not be swayed by short-term declines. It should be approached as a real opportunity for infrastructure expansion, beyond just a theme.
The timing for semiconductor equipment companies to expand facilities is approaching, with equipment orders set to begin in earnest. The expansion of Eugene Technology served as a signal for this trend.
SK Hynix Y1 page 2 is scheduled to start operation in February next year, and Samsung Electronics P5 in May next year. Considering the 6-8 month lead time for front-end equipment, preparation for equipment companies' expansion is essential.
China provides national subsidies for purchasing domestic equipment, which could be an opportunity for equipment companies like Nextin.
Nextin's Chinese factory expansion is expected to be completed around October, which could lead to expanded supply contracts in the Chinese market. There is a possibility of continuous supply contract announcements for front-end and back-end processes in September, October, and November.
Semiconductor Soobujang ETFs from Tiger and KODEX are suitable for investing in both front-end and back-end process stocks.
Actuators, in particular, play a very important role in robots and drive market trends.
NVIDIA's acquisition of Hugging Face and the case of micro-robots show that big tech companies are focusing on implementing physical AI. This leads to increased demand for actuators.
In the robotics sector, a strategy of selectively approaching companies with immediate verifiable performance is effective. Attention should be paid to actuator-related companies that are currently active.
Humanoids should be approached from a mid to long-term perspective, and in the short term, it is better to prioritize companies with high performance expectations, such as collaborative robots for factory automation or actuators.
Answers come from the transcript, with the exact spot cited.
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