[Edaily Reporter kyoungeun kim ] On the 25th, Heungkuk Securities announced that it is raising its target price for SAMSUNG C&T CORPORATION(028260)from 450,000 won to 540,000 won, citing expectations of solid third-quarter earnings. The firm maintained its “Buy” rating.

Park Jong-ryeol, an analyst at HEUNGKUK METALTECH CO.,LTD., stated in a report released that day, “The company is expected to post solid third-quarter results, with consolidated revenue of 11.4 trillion won and operating profit of 1.1 trillion won—up 12.4% and 12.6%, respectively, year-over-year.”
Furthermore, with the stock price rebounding since late July due to the increased value of stakes in affiliates, the firm believes that the stock’s enhanced valuation appeal, robust earnings momentum, and expanded shareholder returns will lead to a revaluation of the stock.
He said, “Unlike the previous quarter, all business segments are expected to post solid growth in both revenue and operating profit,” adding, “We have raised our target price, taking into account the rise in the value of stakes in affiliates (including SamsungElectronics, Samsung Life Insurance, SAMSUNG SDS CO., LTD., and SamsungE&A) since the low point in late July.”
He continued, “With the bio sector continuing to lead earnings this year, profit-generating capacity is expected to become even more robust thanks to improvements across all business segments—including construction, trading, fashion, leisure, and food and beverage,” and added, “The possibility of a stock price revaluation remains open, driven by strong earnings and expanded shareholder returns.”