Macquarie Securities noted that the Lee Jae-myung government will implement measures to boost the stock market and pointed out the shipbuilding, defense, and nuclear power industries as sectors to watch.
According to the financial investment industry on the 10th, Macquarie Securities said in a recent report that they have experienced stock market rallies during the past three Democratic administrations.
Specifically, it reported that during the Kim Dae-jung administration, the KOSPI broke the 1000 mark; during the Roh Moo-hyun administration, it surpassed 2000; and during the Moon Jae-in administration, it exceeded the 3000 level.
Macquarie Securities said, "President Lee has made a pledge to enter the 'KOSPI 5000 era'" and added, "We believe that the new government is likely to implement an expansionary fiscal policy and boost the stock market."
At the same time, it stated, "We prefer export companies capable of structural growth (secular growth), which is growth independent of the economy," naming HD Hyundai Heavy Industries in the shipbuilding sector, Hanwha Aerospace and Hyundai Rotem in defense, and Doosan Enerbility and Samsung C&T in nuclear power as preferred stocks.
Additionally, it presented SK hynix, Samsung Biologics, HYBE, and PharmaResearch as preferred stocks.
Macquarie Securities projected a negative outlook for banks likely to face demands for lower lending rates, electric vehicle batteries struggling with oversupply and competition from Chinese companies, and consumer sectors suffering from poor domestic demand.