"Operating profit to surge 85%" Target price for SK Telecom raised to 81,000 won... Samsung SDI expected to narrow losses [Stocktopia]

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[Financial News] On the morning of February 3, we summarize key stock reports from major securities firms.
SK Telecom’s operating profit this year is expected to reach 1.99 trillion won, up 85.4% from a year earlier. Samsung SDI is projected to gradually narrow its losses by 2026, and its target price has been raised to 420,000 won. Hyundai E&C is expected to swing to a profit in the fourth quarter with operating profit of 109 billion won, and expectations are growing for new nuclear power plant project orders.
\r\n\r\n◆SK Telecom (017670)― NH Investment & Securities / Analyst Ahn Jae-min
- Target price: 81,000 won (raised from 63,000 won)
- Investment opinion: Buy
NH Investment & Securities maintained its "Buy" rating on SK Telecom, saying it expects the company’s earnings to recover this year, and raised its target price from 63,000 won to 81,000 won. Analyst Ahn Jae-min projected that SK Telecom’s operating profit will reach 1.99 trillion won this year, an 85.4% increase from the previous year. Ahn added that the company has regained a significant portion of the subscribers it lost due to last year’s business suspension, and that wireless service revenue is likely to continue rising from the second quarter.
\r\n\r\n◆Samsung SDI (006400)― Kyobo Securities / Analyst Choi Bo-young
- Target price: 420,000 won (raised from 310,000 won)
- Investment opinion: Buy
Kyobo Securities stated that Samsung SDI is expected to gradually reduce its losses this year and therefore raised its target price from 310,000 won to 420,000 won. Analyst Choi Bo-young noted that fourth-quarter revenue came in at 3.8587 trillion won, up 2.8% year-on-year, and that the operating loss was 266.2 billion won. Although the company remained in the red, the results beat market consensus. Choi explained that Samsung SDI is securing orders on the back of rising demand for non-Chinese batteries in the United States, and from next year it is exploring collaboration opportunities with multiple robot manufacturers, which should limit downside risk.※ Solid-state battery (SSB)A next-generation battery that uses a solid electrolyte instead of a liquid one. It is safer and has higher energy density than conventional batteries. With shorter charging times and longer lifespan, it is seen as a key future technology for EV batteries.
\r\n\r\n◆Hyundai Engineering & Construction (Hyundai E&C) (000720)― Kyobo Securities / Analyst Lee Sang-ho
- Target price: 130,000 won (unchanged)
- Investment opinion: Buy
Kyobo Securities kept its "Buy" rating and 130,000-won target price on Hyundai E&C, saying the company is expected to swing to a profit in the fourth quarter with operating profit of 109 billion won. Analyst Lee Sang-ho forecast that this year will bring greater visibility on the company’s nuclear power pipeline, which should strengthen share-price momentum. He noted that the Palisades SMR-300 FOAK project is scheduled to begin site preparation in the first quarter, and that an Engineering, Procurement and Construction (EPC) contract could follow. The total contract value for the project is estimated at around 4.9 trillion won.※ Palisades SMR-300 FOAK projectA project to build two 300 MW-class Small Modular Reactors (SMRs) at the Palisades Nuclear Power Plant in Covert, Michigan, located about 120 km northeast of Chicago. SMRs have lower output than conventional large nuclear plants (around 300 MW) and are manufactured as modules in factories and then assembled on-site. This approach shortens construction time and enhances safety, making SMRs a key next-generation nuclear power technology.※ Engineering, Procurement and Construction (EPC)An integrated project delivery method in which a contractor is responsible for the entire process from engineering and design through procurement and construction.
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sms@fnnews.com Seong Min-seo Reporter