Mr. Battery “Gangnam house sold, secondary battery gone”
“If we go back at the end of this year and look at it, only secondary stocks will have surged this year,” said Park Sun-hyuk, former PR director of Geumyang, in a recent interview with E-Daily about the outlook for secondary stocks. “It’s not time to sell now, but if you bury it, it will go up 3-4 times.”
“It’s not the time to sell secondary battery stocks,” said Park Sun-hyuk, former PR director of Geumyang, the “battery uncle. (Photo by Kim Tae-hyung)
In his book, “K Battery Revolution,” he said, “I will never sell eight core K battery stocks by December 31, 2025. The eight stocks are LG Energy Solution (373220), SK Innovation (096770), Ecoprovision (247540), LG Chem (051910), POSCO Future M (003670), Nano New Materials (121600), EcoPro (086520), and POSCO Holdings (005490).
Recently, secondary battery stocks have been on a distinct downward trend. This month alone, EcoPro has plunged more than 20% from the previous month. Over the same period, EcoPro BM is down 14.1%, Nano New Materials is down 13.66%, POSCO Future M is down 6.47%, LG Chem is down 4.32%, LG Energy Solutions is down 4.26%, and POSCO Holdings is down 3.62%.
In particular, Yeouido Securities was critical of the stock, saying it had risen “too much.” Earlier, Yujin Investment & Securities (001200) issued a sell recommendation on secondary battery major Eco Proviem. BNK Investment & Securities, Kyobo Securities (030610), Hi Investment & Securities, Samsung Securities (016360), and Daeshin Securities (003540) lowered their investment opinions to neutral. Hana Securities issued a sell report on EcoPro last month.
This was on top of the news that EcoPro Chairman Lee Dong-chae was detained in court and the company was not included in the Morgan Stanley Capital International (MSCI). More recently, Financial Supervisory Service (FSS) Chairman Lee Bok-hyun warned of a swift and rigorous investigation into the company’s overheated secondary battery stocks.
Ecopro’s stock price rose from 78,678 points on April 28 last year to 730,000 points on April 28 this year. The annualized stock price increase is 827.83%. (Source=Korea Exchange Information Data System)
Nevertheless, Park cited the example of Samsung, saying that “now is not the time to sell.” “Twenty years ago, I was told to sell my house in Gangnam and buy Samsung Electronics shares because of the company’s technological competitiveness,” he said. “K-battery Korean companies have the best technology and competitiveness in the world,” he said.
“The transition to electric vehicles is a global trend that will drive the next decade,” Park continued, “and this is one of the positive environments for K-Battery’s stock.” Global regulations will also come into play, with the European Union (EU) considering a bill to ban the sale of internal combustion engines starting in 2035. The transition from internal combustion engines to electric vehicles is becoming irresistible.
“In this situation, compare the number of shareholders of K-Battery with major companies such as Samsung Electronics, SK Hynix (000660), NAVER (035420), and Kakao (035720). The number of shareholders of secondary battery stocks is far too small,” he said. “The growth of secondary battery stocks is promising, but the number of shareholders is relatively small, so there is a lot of room for secondary battery stocks to grow in the future.”
When asked, “Should I be wary of overheating secondary batteries?” he said, “Investing is at your own risk.” “Of course, you should be wary,” he said. However, he added, “If a good investor loses the opportunity to invest in a secondary battery that can make money by believing in the overheating and selling story, whose responsibility is it?” “There were times in the past when intellectuals told us not to invest in Tesla, but later, Tesla’s stock price surged,” he asked스포츠토토.
In response to the question, “Isn’t the belief in secondary stocks a fanaticism?”, Park replied, “Yeouido analysts are truthful, and Mr. Baderi is a blind religion.” In response to the question, “Aren’t there some secondary stocks that are just secondary stocks with no real business?”, Park said, “You can find such places and do research.” “However, it is sad that only secondary stocks, which are the future food, are publicly criticized.
In May, Ecopro plunged more than 20 percent from the previous month. (Photo by Kim Jung-hoon)
Mr. Park, who recently resigned from Geumyang, said he was “deeply disturbed” and that it was a situation of “attacking the messenger, not the message.” “That’s a place you can go in a day,” he said of the suspicion of the existence of Geumyang’s Mongolian mine, suggesting, “If you really have a suspicion, let’s go and check it together.” “I don’t own Geumyang shares,” he said, “If there was a plan to boost treasury shares, would you have appeared on YouTube and said, ‘We have a plan to sell treasury shares,’ and asked me to sell them?” He asked about future plans.
When asked about his future plans, he said, “I was fired a few days ago, so I don’t know if I have any plans today. My wife is very worried,” but he said, “I really want to go to a lecture at a local university.” “Since the secondary battery company is located in the provinces, it will be a promising workplace for students preparing to enter the workforce in the future,” he said. “If a local university asks me to give a lecture, I will go with a heart of service and promote the secondary battery industry.”
Meanwhile, Mr. Park will be a speaker at the ‘2023 First Half E-Daily Finance Forum-Donchang Concert’ (Donchang Concert) at KG Harmony Hall in Jung-gu, Seoul on the afternoon of the 25th. The concert will also feature lectures by Ahn Seung-chan, CEO of Sampro TV Understanding, Chae Sang-wook, CEO of Connected Ground, Lee Seon-yup, Director of Sales at Shinhan Investment & Securities, Choi In-yong, Tax Accountant at Gahyeon Tax & Accounting, and Lee Sang-woo, CEO of Invade Investment Advisory.