[Edaily Reporter Kwon Oh Seok ] Heungkuk Securities announced on the 11th that it is maintaining its “Buy” rating on #JUNJIN C&R but lowering its target price from 65,000 won to 60,000 won.

JUNJIN C&R is a company specializing in the manufacture and sale of concrete pump cars (CPC; Concrete Pump Car). Based on revenue for the first half of 2026, its revenue breakdown was 54% from North America, 20% from other overseas markets, and 26% from South Korea. The company currently holds a market share of 60% in South Korea and over 30% in North America. In the first half of 2026, revenue totaled 93.3 billion won (down 7.0% year-over-year), and operating profit was 13.9 billion won (down 23.4%).
Choi Jong-kyung, an analyst at Heungkuk Securities, stated, “Although the results were lackluster, with negative growth in both revenue and profitability, the operating profit margin recovered in the second quarter compared to the first (9.3% → 20.3%), and considering the impact of U.S. tariffs, we judge this to be a favorable performance trend.” He added, “While the company maintains a high market share domestically, delays in raw material procurement have caused earnings to be deferred to the second half of the year. “We anticipate an improvement in earnings, driven by growth potential stemming from the expansion of housing supply in the Seoul metropolitan area,” he explained.
He continued, “In the North American market, growth driven by infrastructure expansion—including data centers, public facilities, and nuclear power plants—is continuing, and we are pursuing product line expansion and strengthening our sales network in response.” “Although other overseas regions are showing sluggish trends, excluding the impact of the war in the Middle East and the resulting temporary supply delays, we are still seeing robust global demand driven by public infrastructure investment in Türkiye, increasing demand for eco-friendly construction equipment, and reconstruction projects following geopolitical risks around the world,” he emphasized.
In particular, he noted, “With construction demand expected to expand due to increased large-scale regional infrastructure investment in preparation for the 2032 Brisbane Olympics in Australia, the company’s exports to Australia actually recorded strong growth in the first half of this year, rising 70% year-over-year,” and He added, “Despite temporary external factors such as fluctuations in U.S. tariffs and supply delays due to the war in Iran, long-term and robust demand growth remains valid, driven by the expansion of reconstruction markets in Ukraine and Türkiye, as well as increased infrastructure investment worldwide in areas such as data centers, nuclear power plants, and semiconductor production facilities.”