The KOSPI index fell below the 6,000 mark as the domestic stock market experienced a significant decline. YouTuber Lee Byung-gun, known as 'Calm Man,' shared his investment status in Samsung Electronics, SK Hynix, and Hyundai Motor Company.
On July 28, Calm Man hosted a live broadcast titled 'A Peaceful Tuesday for Residents of Samsung 27th Floor, Hynix 196th Floor, and Hyundai 57th Floor.' During the broadcast, he stated, 'Samsung Electronics is at the 27th floor, Hynix at the 196th floor, and Hyundai at the 57th floor,' and added, 'This is not panic buying. I actually bought more today. With prices dropping over 10%, isn’t it natural to buy?'
He continued, 'It’s not panic buying because Nomura Securities said the stock would rise.' He mentioned that Nomura projected Samsung's stock price would reach 670,000 won, having raised its target from 590,000 won to 670,000 won recently. 'Nomura is a well-known securities firm; they wouldn’t lie,' he joked.
Regarding SK Hynix, he noted, 'Nomura said it would rise to 4.7 million won,' emphasizing that he trusted the firm due to its reputation. 'Do you know better than Nomura?' he quipped, eliciting laughter.
He also commented on Hyundai, saying, 'Nomura lowered its target price from 670,000 won to 600,000 won, but I bought it in the 500,000 won range, so I still got a good deal.'
Coincidentally, on the same day, the domestic stock market saw another sharp decline. Concerns over China's semiconductor industry and weakness in U.S. semiconductor stocks contributed to the downturn, affecting shares of Samsung Electronics and SK Hynix, with both the KOSPI and KOSDAQ indices recording significant drops. However, analysts noted that current stock prices have entered an excessively undervalued phase.
Online reactions included comments like, 'Nomura probably didn’t consider the semiconductor situation in Honam,' and 'It’s all Nomura’s fault.' Others remarked, 'Nomura is known for setting conservative target prices,' and 'What good is it to achieve results if the policy is the problem?' Some users cautioned, 'Target prices from securities firms are merely forecasts; one shouldn’t rely on them too much,' and 'In long-term investing, ultimately, company performance matters,' emphasizing that investment decisions are a personal responsibility.
* This article has been translated by AI.
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