Independent Equity Research · 📍 Seoul & Arizona

Equity research focused on fundamentals, valuation, and long-term opportunities.

0Published Reports
2026Since

About the Analyst

Beyond the numbers,
the real story.

I'm a student analyst based in Seoul and Arizona with a passion for uncovering mispriced opportunities in public markets. From financial statements to industry structure, I focus on understanding how companies generate value.

Welcome to JH Equity Research. I cover equities across global markets and sectors, with a focus on finding businesses that are genuinely undervalued, wherever they may be.

This site is my personal research archive. I publish independent equity reports here, document my analytical process, and refine my thinking over time. Nothing here constitutes financial advice.

Equity Research Fundamental Analysis Macro Analysis Industry Analysis Korean Markets Value Investing
Juhyung Lee
Juhyung Lee

Research Archive

Latest Reports

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234340.KQ · Financials / Fintech Hecto Financial Fintech · Electronic Payments
May 15, 2026 ▲ BUY

Korea's most neutral payment infrastructure play. A quiet beneficiary of the stablecoin era.

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062040.KS · Power Equipment Sanil Electric Power Equipment · Specialty Transformers
May 3, 2026 ▲ BUY

A quiet champion with exceptional margins. Compelling fundamentals tempered by overhang risk and nascent datacenter credentials.

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CRCL.NYSE · Fintech / Crypto Circle Internet Group Fintech · Stablecoin
Apr 25, 2026 ▲▲ STRONG BUY

The world's leading regulated stablecoin issuer. A compelling growth story with rate sensitivity risks worth understanding.

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000660.KS · Semiconductors SK hynix Memory · Semiconductors
Apr 20, 2026 ▲ BUY

Dominant but not without risk. A balanced assessment of AI memory's leading player.

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"You can't predict.
You can prepare."
— Howard Marks
"Price is what you pay.
Value is what you get."
— Warren Buffett
"Know what you own,
and know why you own it."
— Peter Lynch

Performance Log

Research Log

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Ticker Company Date Rating Horizon Call Price Return Status
234340.KQ Hecto Financial May 15, 2026 ▲ BUY 5Y ₩31,000 — Open
062040.KS Sanil Electric May 3, 2026 ▲ BUY 1Y ₩263,500 — Open
CRCL.NYSE Circle Internet Group Apr 25, 2026 ▲▲ STRONG BUY 5Y $99.66 — Open
000660.KS SK hynix Apr 20, 2026 ▲ BUY 6M ₩1,170,000 — Open

Research Philosophy

How I think about analysis

01

Objectivity

I aim to let the data lead and avoid forming conclusions too early. My views are formed through the work, not before it. I update my stance transparently as new information emerges.

02

Depth

I focus on understanding what truly drives the business beyond surface-level metrics. This includes how companies generate returns, sustain competitive advantages, and allocate capital over time.

03

Integrity

I document both correct and incorrect calls as part of an ongoing learning process. Over time, I believe a transparent and consistent record matters more than short-term accuracy.

Get in Touch

Questions, feedback,
or collaboration?

I'm always open to discussing ideas, receiving criticism on published research, or exploring collaborative work. Reach out anytime.

✉  Juhyungl@asu.edu