[Click e-Stock] "Active Market Phase Continues, Focus on Platform, Content, and Game"

Shinhan Investment Corp. analyzed on the 4th that during a period of sustained active market conditions, the platform, content, and game sectors could serve as alternatives.

Recently, the market has shown signs of an active market phase continuing as the semiconductor sector's returns have slowed. The slowdown in semiconductor returns is interpreted as a result of heightened global economic concerns and a decreased concentration on large-cap stocks in the U.S. stock market.

Labor Gil, a researcher at Shinhan Investment Corp., stated, "The active market phase in the domestic stock market has been ongoing for about two months recently, and if semiconductors remain sideways, it could last longer. The sensitivity to portfolio strategies excluding the top market capitalization stocks has increased."

He added that themes with low relative returns and neglected trading could lead the stock market if they reach a fundamental inflection point. He said, "The themes to watch at this point are platform, content, and games," adding, "All three themes have been fluctuating in the negative relative return zone for two consecutive years. Because they were forgotten by investors, their trading volume and trading ratio are also at the lowest levels." He continued, "All of them have passed the bottom of the 12-month forward earnings per share (EPS) and have entered a recovery phase, so their fundamentals are favorable," analyzing that "they could be alternatives during a period of sustained active market conditions."

This content was produced with the assistance of AI translation services.