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With the KOSDAQ index exceeding the 1000 line, expectations for small and medium-cap stocks are growing. In the Yeouido Securities Market, there is a high possibility that personal supply and demand, which has emerged as the main force of the stock market, will be concentrated on the KOSDAQ.(75,800 +4.99%) R&2 Technology L&K Bio(42,750 -5.21%) SPECO(11,550 +1.76%) Russell(6,000 +25.52%) Baekwang Industry(4,430 -2.32%) Hwanin Pharmaceutical(18,650 +3.32%) Tyrobotics(8,500 -2.30%) Eight prospects were presented.
Kim Jae-yoon and Kim Young-jun, researchers at KTB Investment & Securities said on the 26th, “As individual supply and demand, which exploded at the end of last year and at the beginning of this year, were focused on large-cap stocks, the KOSPI rose 9.3% from the beginning of this year, but the KOSDAQ rose 1.2% from the beginning of the year, and is relatively sluggish.”
“However, individual supply and demand, which had been focused on large-cap stocks earlier this year, is highly likely to move to small- and mid-cap stocks,” he said.
These researchers said, “The Ministry of Strategy and Finance and the Financial Services Commission have disclosed plans to diversify the scope of the pension fund’s domestic stock investment. According to this, the proportion of the pension fund’s KOSDAQ investment will be expanded to more than 1-2%. It is expected,” he said.
In addition, he added, “It has not been decided whether or not to allow short selling, but if the allowance for short selling is resumed sequentially from large stocks with the highest market capitalization, the influx of small and medium-cap stocks driven to large-cap stocks will begin.” “In particular, due to the nature of supply and demand for individuals with high psychological resistance to short selling, KOSPI It predicted that the supply and demand will move from to the KOSDAQ.”
Researcher Kim Jae-yoon saw that’space’ is emerging as a new theme in the market, and Intelliantech, a company related to satellite antennas, is promising. SpaceX’s low-orbit satellite service began at the end of last year, and he believes that the company’s satellite antenna sales will be accelerated.
Rn2 Technology(21,100 +0.24%)I also picked it up as a prospect. We believe that growth will continue as 5G (5th generation mobile communication) investment resumed after the boom in 2019 and sales of new customers and businesses were reflected. L&K Bio’s T-Robotics is also a sport he recommended.
Researcher Young-Jun Kim suggested SPECCO, a company specializing in wind power towers, construction machinery, and defense industries, as a prospect. It is from the judgment that it has both growth and stability. It is explained that Joe Biden’s administration is expected to benefit from eco-friendly policies.
Hwanin Pharmaceutical also presented it as a promising company. Hwanin Pharmaceutical is the number one psychiatric drug company in Korea. On the 14th, the government decided to strengthen national responsibility in the field of mental health for five years to overcome the novel coronavirus infection (Corona 19) and improve the mental health of the whole people. It is expected to invest about 2 trillion won during that period.
In addition, Baekkwang Industry, which is expected to benefit from the localization of semiconductor materials, and Russell, which are expected to have a positive impact from the rapid increase in demand for unmanned robots and the lack of equipment supply due to the robust semiconductor industry, were also cited as expectations.
Lee Song-ryul, reporter of Hankyung.com [email protected]
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