Eyes On The Money
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Analysis Reports

BHI (083650) — Pension Is Accumulating, Retail Is Selling: A Corrected Read After the H1 Print

*Correction (2026-08-18): an earlier version of this note, and Friday's, described the recent selling as foreign-driven. That was wrong. It came from a data source that mislabels the retail column as...

2026-08-18 083650.KQ update

BHI (083650) — One Day Before the H1 Earnings Report (No Buy/Sell Call)

BHI files its H1 semi-annual report tomorrow, 2026-08-14. This is a deliberately fresh read into that event, and it intentionally carries **no buy or sell recommendation** — the reasoning is below.

2026-08-13 083650.KQ update

BHI (083650): Reversal Rejected — the Bounce Was Distribution

*As of 2026-08-07 close (₩49,900). Follow-up to the 2026-07-24, 07-19 and 06-29 notes.*

2026-08-09 083650.KQ update

BHI — Dead Cat Bounce or Reversal?

BHI (083650.KQ) jumped **+9.66% to ₩47,100 on 2026-07-23**, capping a three-session rebound of roughly **+16.7%** off the 07-20 low of ₩40,350. After a decline of about 60% from the 52-week high near...

2026-07-24 083650.KQ update

BHI (083650): Price Broken, Flows Intact — and a Market-Wide Bubble Question

**Summary:** BHI closed ₩42,650 on 2026-07-16, down 23% since the last report (6-29) and 63% from the March peak of ₩114,200. The 6-29 hard invalidation (close below ₩48,100) fired on 7-08 and worked;...

2026-07-19 083650.KQ update

BHI (083650): Foreign Bid Returns at the Lows — But One Bounce Isn't a Trend

**Summary:** BHI rallied +13.67% to ₩55,700 on 2026-06-29 with a foreign desk (Morgan Stanley) as the marginal buyer and retail distributing into the move. After the 6-12 limit-up proved to be a forei...

2026-06-29 083650.KQ update

BHI (083650.KQ) — A Value Stock in the Making (June 10, 2026)

BHI closed ₩60,600 on June 10, down 47% from its March 10 peak of ₩114,200. At this price, the stock has crossed an inflection point that did not exist a month ago: on normalized forward earnings, it...

2026-06-10 083650.KQ full analysis

BHI (083650.KQ) — Oversold Bounce, Distribution Intact (May 21, 2026)

**BHI closed ₩78,500, +7.53% on the day** (open ₩75,500, high ₩81,200, low ₩75,300). This is a bounce off the May 20 close of ₩73,000, two sessions after the May 19 hard-stop article exited the trade....

2026-05-21 083650.KQ update

BHI (083650.KQ) — Hard Stop Triggered: Exiting the Trade (May 19, 2026)

The ₩77,600 daily-close hard stop set on May 15 has triggered. BHI closed at ₩76,000, near the day's low, on a -4.88% session. The failed-spring scenario from the May 15 analysis is now confirmed: the...

2026-05-19 083650.KQ update

BHI (083650.KQ) — Stop Run Reversal at ₩77,600 (May 15, 2026)

**The ₩78K stop was breached intraday by ₩400 — then a 168K-share reversal bar erased the breakdown in 15 minutes. The close held above the stop. The buyer was mostly retail.**

2026-05-15 083650.KQ update

BHI (083650.KQ) — Broken Momentum, Support Is Hope (May 13, 2026)

**This is a momentum stock with broken momentum, and "support levels" are just hope.**

2026-05-13 083650.KQ update

BHI (083650.KQ) — Analysis, May 11, 2026

Two consecutive 5%+ declines on above-average volume. Both sessions show the same pattern: institutions and foreigners selling, retail catching. May 8's foreign outflow of 388K shares was the largest...

2026-05-11 083650.KQ update

BHI Daily Analysis — April 8, 2026: Ceasefire Rally Snaps 3-Day Decline

BHI surged 5.5% to ₩94,700 on Wednesday, snapping a three-session losing streak as global markets rallied on the US-Iran two-week ceasefire agreement. Volume returned to above-average levels at 380,84...

2026-04-08 083650.KQ update

BHI Daily Update — Stabilization on Half-Volume After Yesterday's Selloff, Foreign Selling Subsides

BHI edged up 1.4% to ₩92,500 in a quiet session following yesterday's -8.4% crash. Volume collapsed to 203,624 — less than half the average and the lowest in weeks. The intraday range narrowed sharply...

2026-04-03 083650.KQ update

BHI Daily Update — Bull Trap Confirmed, -8.4% Reversal on Massive Foreign Selling

BHI opened above ₩100K, hit ₩102,000, then collapsed to close at ₩91,200 (-8.43%) — erasing yesterday's entire +7.7% rally. Volume surged to 542K (37% above average), confirming heavy selling convicti...

2026-04-02 083650.KQ update

BHI Daily Update — Sharp +7.7% Rebound as KOSDAQ Recovers, Domestic Institutions Enter Buy Side

BHI surged 7.7% to ₩99,600, reclaiming the ₩99K level after yesterday's selloff. KOSDAQ bounced 6.1%, so the move is partly macro-driven, though BHI outperformed. JP Morgan was the top buyer. Notably,...

2026-04-01 083650.KQ update

BHI Daily Update — Pullback Continues Amid KOSDAQ Selloff, Foreign Brokers Accumulate

BHI fell 3.3% to ₩92,500, now 19% below its March 10 all-time high of ₩114,200. KOSDAQ dropped harder at -4.9%, suggesting BHI showed relative strength. Morgan Stanley and JP Morgan were net buyers. I...

2026-03-31 083650.KQ update

BHI Co., Ltd. (083650.KQ) — Daily Update, March 30, 2026

BHI closed at ₩95,700 (+0.95%), staging a sharp intraday reversal after opening at ₩88,700 — a 6.4% gap-down from Friday's close of ₩94,800. The stock found support at ₩88,300, rallied to an intraday...

2026-03-30 083650.KQ update

BHI Co., Ltd. (083650.KQ) — Daily Update, March 27, 2026

BHI dropped -4.91% to ₩94,800 on below-average volume (349K vs 676K avg), extending a selloff that has erased 17% from the March 10 intraday high of ₩114,200. The stock touched ₩91,400 intraday — test...

2026-03-27 083650.KQ update

BHI (083650.KQ) — Analysis Update

**Previous analysis:** [BHI_083650.KQ_2026-03-06.md](BHI_083650.KQ_2026-03-06.md)

2026-03-26 083650.KQ update