{
  "status": "success",
  "provider": "codex",
  "model": "gpt-5.4",
  "priority_order": [
    "012450.KS",
    "005930.KS",
    "000660.KS",
    "278470.KS",
    "042700.KS"
  ],
  "portfolio_note": "All provided names are BULLISH but WAIT, with execution blocked or degraded and no immediate cash deployment justified. The account has only about 298835 KRW of strict cash available above buffer, while the batch is wait-heavy and concentrated in semiconductor/AI-linked exposure; preserve cash, hold existing positions, and require fresh same-day data plus price-volume confirmation before any add.",
  "reason_by_ticker": {
    "012450.KS": {
      "summary": "Highest arbitration priority because the medium-term defense/aerospace thesis is supported by contracts, sector earnings expectations, cash-flow improvement, and existing position status, but no immediate add is justified until breakout or pullback triggers confirm and stale/degraded data is reviewed.",
      "reason_codes": [
        "constructive_medium_term_thesis",
        "held_position_hold_core",
        "entry_action_wait",
        "breakout_requires_volume_confirmation",
        "stale_or_degraded_data",
        "event_confirmation_pending",
        "risk_levels_defined"
      ],
      "review_required": true
    },
    "005930.KS": {
      "summary": "Ranks ahead of the more crowded high-beta semiconductor names because Samsung has broader liquidity, strong cash flow, defined resistance triggers, and lower single-name volatility risk, but should remain HOLD until 218000-223000 resistance is cleared with volume or a controlled pullback holds.",
      "reason_codes": [
        "constructive_medium_term_thesis",
        "entry_action_wait",
        "resistance_not_confirmed",
        "volume_confirmation_missing",
        "stale_intraday_data",
        "labor_event_risk_pending",
        "sector_concentration_control"
      ],
      "review_required": true
    },
    "000660.KS": {
      "summary": "Strong AI/HBM and memory-cycle thesis with the highest confidence in the batch, but priority is tempered by sharp recent extension, high beta, stale/degraded data, and portfolio concentration in semiconductors; add only after volume-backed breakout or confirmed support reset.",
      "reason_codes": [
        "bullish_medium_term_thesis",
        "entry_action_wait",
        "overextended_recent_price_action",
        "breakout_not_confirmed",
        "stale_or_degraded_data",
        "existing_position_hold_only",
        "sector_concentration_control"
      ],
      "review_required": true
    },
    "278470.KS": {
      "summary": "Constructive growth and cash-flow profile with positive trend structure, but lower priority because the stock is extended above the short EMA, lacks fresh disclosure catalyst, has intraday data gaps, and needs volume confirmation above 417000-418000 or a supported pullback.",
      "reason_codes": [
        "constructive_medium_term_thesis",
        "entry_action_wait",
        "price_extended_above_short_ema",
        "breakout_needs_volume_confirmation",
        "stale_or_degraded_execution_data",
        "disclosure_catalyst_absent",
        "held_position_hold_not_add_now"
      ],
      "review_required": true
    },
    "042700.KS": {
      "summary": "Kept last despite a constructive AI/HBM equipment thesis because high valuation, high beta, short-interest and patent risks, declining recent volume, and semiconductor concentration make the setup least forgiving without a confirmed 296500 breakout or support retest.",
      "reason_codes": [
        "constructive_medium_term_thesis",
        "entry_action_wait",
        "breakout_not_confirmed",
        "volume_confirmation_missing",
        "high_valuation_risk",
        "high_volatility_risk",
        "sector_concentration_control"
      ],
      "review_required": true
    }
  }
}