Samsung C&T, Expect Significant Performance Improvement Next Year... Target Price 200,000 Won↑-Heungkuk

[Financial News] Heungkuk Securities stated on the 27th that although Samsung C&T's performance this year is expected to be somewhat disappointing, a significant improvement is possible next year. Accordingly, they maintained a 'Buy' investment opinion and raised the target stock price from 160,000 won to 200,000 won.
Heungkuk Securities researcher Park Jong-ryeol said, "This year, Samsung C&T's performance momentum will temporarily slow down, but it is expected to turn to an increasing trend again next year," explaining that "the poor performance is due to the sluggishness of the construction sector, which played a dual role in driving performance."
However, he stated, "With solid domestic and overseas order performance and securing housing construction rights, gradual performance improvement is expected from next year," adding, "This year, consolidated sales are expected to record 38.6 trillion won, and operating profit 2.9 trillion won."
In terms of stock price, it is still considered cheap. Since mid-month, Samsung C&T has been recording a steep upward trend.
Researcher Park emphasized, "On the 22nd, the spin-off of the subsidiary Samsung Biologics, entry into the space rear industry, and growth expectations in the small modular reactor field have boosted the stock price," adding, "However, despite the recent steep rise in stock price, the current stock price is still at a cheap level, and buying is considered a valid strategy." 


hippo@fnnews.com Kim Chan-mi Reporter