Why Did Mirae Asset Reduce Its Stake in Haesung DS?

Mirae Asset reduced its stake in Haesung DS from 5.15% to 4.87% through ETF settings and redemptions, and over-the-counter sales. While the official reason is ‘change in stake,’ the market may interpret this as a concern about Haesung DS’s uncertain future, particularly with the semiconductor industry downturn and weak Q1 earnings.

Haesung DS: Crisis or Opportunity?

Despite avoiding losses through cost reductions, Haesung DS recorded a low operating profit margin of 0.3% in Q1 2025, alongside declining sales. With the looming semiconductor downturn, rising raw material prices, and global recession risks, Mirae Asset’s divestment is likely to negatively impact investor sentiment. However, positive factors such as potential Q2 earnings improvements, raw material price stabilization, and new client acquisitions could present opportunities for a rebound.

Action Plan for Investors

  • Objective Analysis: Avoid emotional decisions. Carefully review Haesung DS’s Q2 earnings announcement, raw material price trends, and competitor analysis before making investment decisions.
  • Diversification: Don’t put all your eggs in one basket. Diversifying investments is crucial to mitigate risk.
  • Long-Term Perspective: Avoid overreacting to short-term price fluctuations. A long-term investment approach focused on Haesung DS’s growth potential is recommended.