Core Portfolio Investment Strategy Summary — 2026-10-16

This is a summary of the latest brokerage analyses for portfolio holdings. It is based on changes in investment opinions amid market volatility and key report contents.

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Krafton Target Price Raised & L&C Bio Rights Offering Success: Diverging Fortunes by Sector

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Large-Cap & Core Holdings Reports

Hyundai Steel showed a movement classified as a technical rebound without clear individual positive news. As of October 14, it closed up 550 won (1.99%) from the previous trading day at 28,250 won, but the analysis prevails that this has more of a short-term rebound character rather than substantial upward momentum. Meanwhile, Hanwha Securities maintained a target price of 43,000 won for Hyundai Steel, citing the launch of high-value-added construction materials (H ONE).

For other major large-caps such as Hotel Shilla, Lotte Chemical, E-Corp, Hanwha Systems, and Kakao, specific brokerage reports or target price adjustment information published after October 14 have not been secured.

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Bio & Tech Growth Stock Analysis

L&C Bio successfully completed its fundraising by recording a 103.9% subscription rate for existing shareholders in a rights offering worth approximately 144.7 billion won. The company plans to utilize over 70% of the raised funds for investments in new human tissue-based production facilities.

Regarding Krafton, Daol Investment & Securities issued a report containing its Q3 earnings outlook, presenting a 'BUY' investment rating and a target price of 310,000 won. While there are concerns about slowing momentum in the second half, the evaluation is that long-term growth potential remains valid. In addition, Krafton is strengthening its technological competitiveness by conducting its largest-ever 'AI Native' recruitment, selecting over 100 new recruits equipped with AI utilization capabilities.

For other bio stocks such as Genexine, Seegene, and EOFlow, clear investment opinion changes or target price reports after October 14 have not been confirmed.

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Industrial & Energy Sector Strategy

Regarding Hanwha Ocean, expectations are forming related to a 3-month consecutive inspection by the U.S. side and MASGA (U.S. shipbuilding industry cooperation), but specific target price reports published after October 14 are limited.

Dexter Studios met with representatives from Spain's Catalonia media group 3Cat and the Luxembourg Film Fund to discuss possibilities for international co-production and post-production cooperation. Latest report data for other industrial goods stocks such as SungEel HiTech, DL E&C, and Yoon Sung F&C is scarce.

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Comprehensive Investment Direction

On October 14, the domestic stock market closed lower for the 5th to 6th consecutive day, with the KOSPI falling 0.44% to 6,008.81 points and the KOSDAQ dropping 1.57% to 823.88 points. Although it started higher due to reduced concerns over memory semiconductor competition and expectations for interest rate stabilization, it turned downward during the session due to weakness in chemicals and some other sectors.

The U.S. stock market showed volatility, reacting sensitively to inflation indicators following the release of the September CPI. Since vigilance regarding the possibility of Federal Reserve interest rate hikes persists, maintaining a conservative perspective across overall portfolio holdings is required.