Tesla is likely to soar as the U.S. economy is good.

🖋 Tesla is likely to soar as the U.S. economy is good.

The market showed a relief rally as the Fed maintained a rate cut stance this year through the FOMC meeting and was quite dovish. That's also how the momentum is now weakening.

Now, the market is looking for new momentum. It's looking for a catalyst for whether the rally can last. It's like having to be fueled continuously for the rocket to keep flying.

The current market has been driven by stronger-than-expected growth, improved corporate profits, expectations for monetary policy easing and an artificial intelligence craze. The problem is that most of it has been reflected in prices.

Of particular note is whether artificial intelligence catalysts can go further, and despite Nvidia's announcement of a new product at GTC 2024, the stock is definitely not breaking through new highs and the semiconductor index is significantly lowering the highs. Price diversions with Nasdaq are emerging from the highs, which is something to be cautious about.

It is also important to note that Wall Street's estimates of corporate profits continue to fall this year. Of course, the overall situation is positive, but retail investors should be cautious about rising stock prices without any adjustment, which makes it a time to be more cautious.

Goldman Sachs has been the market's biggest fire since last year, with a 5200 target for the S&P 500 this year and already exceeding that target in the first quarter. That's how the market is heating up right now. The next four potential scenarios offered by Goldman are worth keeping an eye on. [3/26 (Tue), Mirae Asset Securities Quant Daily] Earnings Consensus Change and Profit Momentum From Speed
Nomura, APR target price of 440,000 won (24.3.25)

Key Updates on Home Beauty Devices

Today, we met with APR's IR team and received an update on our home beauty devices. Our main recap is summarized below.

JANUARY-Feb home beauty device exports up 179% year-on-year as they prepare for overseas launch
Exports of home beauty devices increased 179 percent year-on-year in January and February combined. We think of APR's exports as related to APR's revenue trend, because APR's exports account for 51 percent of revenue in 2023. APR is preparing for the Booster Pro launch in March by shipping their products abroad in January and February. Year-on-year growth is mainly recognized through January and February, when they showed high growth rates due to preparation for launch. APR will recognize revenue when customers purchase their products in stock.

Booster Pro to be launched in March in the United States, Japan, Hong Kong, and Singapore

Once the Booster Pro is released, APR will stop selling the Ayrshot and Booster Healer. Therefore, from March 2024, sales of the Ayrshot/Booster Healer will stop, which, according to its administrator, will only stop in Korea. APR is starting sales of the Booster Pro in the U.S., Japan, Hong Kong, and Singapore, and will enter the Chinese market in 2024. APR is receiving positive feedback from customers, both online and offline. Meanwhile, Seoul's first factory has started operations with production of augmented lines.

New Home Beauty Device to Launch in April, RF-Based HomeTune

A new RF home beauty device called HomeTune will be released in April. The new device can evaporate moisture essential for maintaining infectious diseases while transferring heat to the dermis, even for users who have no professional experience. Conventional RF devices had a short lifespan due to high power consumption, but HomeTune extended battery life and addressed a major complaint: high power consumption. In addition, the prices of HIFU and other home beauty devices will be adjusted according to market conditions.

Technological Advantage: The HomeTune is the first home beauty device where molecules in the skin quickly generate heat by inducing rotation. This causes frictional heat and allows moisture molecules to spin quickly inside the skin.

Price: HomeTune will be more expensive than Booster Pro. APR maintains to improve consumer accessibility through its pricing strategy. With the launch of new devices, APR will set product concepts and price ranges, especially for new customers and first movers. Thus, the company's margins won't improve significantly despite the new product launches, despite the increase in ASP.
(Upward change) LG Household & Health Care, Lotte Chemical, Kakao Games, Chong Kun Dang, Paradise, Hansam, Com2uS, Skylife

(Accelerating upward) Samsung Electronics, SK Hynix, Hanmi Semiconductor, Lee Know Industrial, Deoksan Neolux

(Slowing upward) Hyundai Mobis, Kakao Bank, Hanwha Aerospace, S-Oil, Samsung Heavy Industries, Yuhan, LIG Nex1, Fan Ocean, KEPCO KPS, W Games, Korean Oil Company, T'way Air

None (downward conversion)

(Downward Acceleration) POSCO Future M, SK, JYP Ent., Pearl Abyss, Jusung Engineering, Solu M, Lotte Precision Chemical, YG Entertainment, Hanse Industrial, GKL, and Seah Steel

(Slowdown) EcoProBM, LG Electronics, Samsung Electro-Mechanics, KT, Hanwha Ocean, Hanwha Solution, LG Innotek, LS, Hanon System, Hyundai Marine, WeMade, BGF Retail, E-Mart, Wonik IPS, SBS

Please refer to the link below for detailed data.

▶Quant Daily (2024/3/26, Tuesday)
https://han.gl/9fn2X

* Mirae Asset Securities Strategy/Quant Telegram Channel
t.me/eqmirae

Thank you.