Macro Dashboard
| Indicator | Level | 5-Day Change | Signal |
|---|---|---|---|
| KOSPI | 8,047.5 | +10.7% | Bullish |
| KOSDAQ | 1,172.5 | +8.1% | Bullish |
| USD/KRW | 1,502 | −0.4% | Stable |
| VIX | 16.6 | −4.6% | Risk-On |
| US 10Y | 4.56% | −0.11pp | Easing |
| Brent | $95.7 | −8.9% | Deflationary Tailwind |
Regime verdict: KR Bull / US Bull — both markets in confirmed uptrend. Breadth is building (>50MA: 35%, >200MA: 46%), and the VIX collapse below 17 removes a key overhang. The KR Discovery signal is on Day 19 of confirmation. Stance: aggressive expansion.
Market Wrap
Korea’s session on May 22 had a split personality. KOSPI ground higher in a narrow +0.5% band while KOSDAQ surged +4%, driven by a rotation out of large-cap semiconductors and into biotech, energy, and parts-and-materials names.
The day’s defining theme was breadth expansion over index performance. Screener passes jumped to 99 names, the widest count in several sessions. That breadth was real — but selective. The gain was concentrated in pharmaceuticals and biotech, power/energy equipment, and semiconductor materials and components. Large-cap semiconductor names were a drag, with Samsung Electronics (005930.KS) seeing foreign net selling of over ₩1 trillion and program selling approaching ₩1 trillion.
Samsung Electro-Mechanics (009150.KS) was the standout price performer across the analysis universe, rising +11.3% over the session and +32.7% over five days, reaching a relative strength of 98.9. The catalyst: a Morgan Stanley note circulating through institutional channels upgrading their 2030 ABF substrate shortage forecast from 15% to 22%. The report directly supported the ABF/packaging substrate thesis for names like Samsung Electro-Mechanics and Daeduck Electronics (353200.KQ), though institutional profit-taking accompanied the move.
Flow signals told a nuanced story. Foreign investors were net buyers in niche semiconductor equipment and ABF names while selling large-caps. Institutions rotated out of single-day momentum plays but were net buyers in several materials names. The retail-versus-institution divergence was sharp: in names like Daeduck Electronics, institutions accumulated (+₩12.7B) while foreigners sold (−₩7.4B) — a mixed signal requiring a second-day confirmation.
Jusung Engineering (036930.KQ), which was not part of the core screener set at session time, spiked +21% with combined foreign and institutional buying (“CoBuy”), flagging it as a new discovery candidate. Simtech (036710.KQ) also appeared in the ABF/PCB cluster with moderate institutional support. The broader message: the market is rewarding materials and parts exposure, not just the large-cap chip names.
Today’s Quality Re-Rating Candidates
The Meta Screener ran across 118 tickers and produced a clear top tier. The framework ranks on quality fundamentals, institutional/foreign flow, and re-rating or earnings catalysts — then cross-checks against official DART filings for catalyst confirmation and risk flags.
Top Candidates Table
| Rank | Ticker | Name | Meta Score | Overlap | Screeners Hit | Key Metrics |
|---|---|---|---|---|---|---|
| 1 | 420770.KQ | 기가비스 (GigaVis) | 97.3 | 4 | Quality, Smart Money Quality, Cycle Rerating, Smart Money Earnings | ROE 7.3%, OP YoY +777%, OPM Δ+29.9pp |
| 2 | 089970.KQ | 브이엠 (VM) | 94.8 | 5 | Quality, Smart Money Quality, Cycle Rerating, Smart Money Earnings, PEAD | ROE 14.8%, OP YoY +387%, OPM Δ+29.3pp |
| 3 | 098120.KQ | 마이크로컨텍솔 (Micro Contact Sol) | 77.8 | 4 | Quality, Smart Money Quality, Smart Money Earnings, PEAD | ROE 23.1%, OP YoY +74%, 5d F+QI +₩8.0B |
| 4 | 082920.KS | 비츠로셀 (Vitzrocell) | 71.3 | 3 | Quality, Smart Money Quality, Smart Money Earnings | ROE 17.2%, OP YoY +33%, DART catalyst 1 / risk 1 |
| 5 | 042660.KS | 한화오션 (Hanwha Ocean) | 69.9 | 4 | Smart Money Quality, Cycle Rerating, Smart Money Earnings, PEAD | OP YoY +391%, OPM Δ+6.9pp, 5d F+QI +₩137.2B |
| 6 | 058470.KS | 리노공업 (Lino Industrial) | 64.7 | 4 | Quality, Smart Money Quality, Smart Money Earnings, PEAD | ROE 20.8%, OPM 47.5%, short interest 39.9% ⚠ |
| 7 | 053610.KQ | 프로텍 (Protek) | 59.9 | 3 | Quality, Cycle Rerating, PEAD | ROE 13.7%, OP YoY +245%, consensus z +1.12 |
| 8 | 329180.KS | HD현대중공업 (HD Hyundai Heavy) | 57.5 | 4 | Smart Money Quality, Cycle Rerating, Smart Money Earnings, PEAD | OP YoY +189%, 5d F+QI +₩100.3B |
| 9 | 147830.KQ | 제룡산업 (Jearyong Industrial) | 56.8 | 3 | Quality, Cycle Rerating, PEAD | ROE 13.9%, OP YoY +159%, OPM Δ+13.9pp |
| 10 | 000660.KS | SK하이닉스 (SK Hynix) | 56.1 | 2 | Quality, Cycle Rerating | ROE 35.6%, OP YoY +101%, DART buyback catalyst |
Deep Dive: Top 3
GigaVis (420770.KQ) — Score 97.3, 4-screener overlap
GigaVis makes inspection equipment for display and semiconductor manufacturing. It clears all four core screeners: Quality Compounder, Smart Money Quality, Cycle Rerating, and Smart Money Earnings. Operating profit grew +777% year-on-year, and operating margin expanded 29.9 percentage points — the kind of inflection that the Cycle Rerating screen is built to catch. The smart money signal is clean: foreigners and quality institutions bought a net ₩7.3B over five days, absorbing ₩3.75B in retail supply. Consensus estimates have been revised upward. There are no DART risk flags; the three recent filings are officer ownership disclosures and a quarterly report — both neutral. What to check next: whether the premium valuation (PER 117x) is justified by continued order momentum, and whether institutional accumulation continues into next week.
VM (089970.KQ) — Score 94.8, 5-screener overlap
VM is the only name in the current universe hitting all five screeners simultaneously. The company produces thin-film deposition equipment for semiconductor fabs. Revenue nearly doubled year-on-year (+105%), operating profit grew +387%, and margin expanded 29.3 percentage points. The PEAD score of +1.67 is the second-highest across all Tier A names, suggesting the post-earnings drift window is still open. Institutional and foreign net buying totaled +₩33.6B over five days, against ₩23.1B of retail supply absorbed. The stock is trading at its 52-week high. Risks: the company has meaningful debt (debt ratio 40%), and valuation at PER 34x prices in continued execution. One DART filing — a Q1 quarterly report — is neutral.
Micro Contact Sol (098120.KQ) — Score 77.8, 4-screener overlap
Micro Contact Sol manufactures test sockets and probe pins used in semiconductor and display testing. It ranks #4 in the Quality Compounder screen with ROE of 23% and near-zero leverage (debt ratio 19%). Revenue grew +44% and operating profit +74%, with an amended Q1 filing confirming the numbers. Smart money flow is positive: ₩8.0B net foreign and institutional buying over five days against ₩5.0B retail supply. The PEAD signal is mild (+0.18), placing it in Tier A but near the lower edge — the drift window exists but is narrower than for VM or GigaVis. Next check: whether the Q1 filing amendment changes any key line items and whether institutional accumulation extends past the May 22 session.
Screener data as of 2026-05-26 16:22 KST. Market close data from 2026-05-22 session; macro regime updated 2026-05-26. All figures sourced from KR_Crawler DB and official DART filings. This post is market analysis, not investment advice.