Samsung E&A Surpasses KRW 50,000, With Target Price at KRW 80,000... Semiconductor and Middle East ‘Two-Pronged Order Wins’ in Focus [Stock NOW]

[Financial News] Samsung E&A surpassed the KRW 50,000 mark during trading. Securities analysts say the company could expand its order intake on two fronts: Samsung Electronics’ semiconductor-factory expansions and investment in Middle Eastern energy infrastructure.
As of 9:53 a.m. on the 8th, Samsung E&A was trading at KRW 50,100, up 4.38% from the previous trading day. The stock rose 4.69% the day before, marking its second consecutive session of gains. It reached as high as KRW 51,600 during the session, with trading volume at approximately 1.5 million shares.
Lee Eun-sang, an analyst at NH Investment & Securities, maintained a “Buy” rating and an KRW 80,000 target price for Samsung E&A, naming it his top pick in the construction sector. He described it as “the only company in our coverage universe that has secured both domestic and overseas momentum,” adding that “affiliate revenue growth from semiconductor-factory expansions is beginning to accelerate, while opportunities for orders in the Middle East could also emerge.”
In South Korea, attention is focused on factory-expansion projects for Samsung Electronics. Considering the expansion plans and targeted mass-production schedules for factories in Pyeongtaek, Gwangju, and Yongin, Lee estimated that three projects could begin construction by 2027. He put the expected order value at KRW 10 trillion per factory. “Even after conservatively factoring in potential risks such as construction delays, annual order intake could exceed KRW 7 trillion,” he said.
Overseas, Middle Eastern petrochemical plants and energy infrastructure were identified as additional growth drivers. The assessment is that the purpose of Middle Eastern investment is shifting from deploying surplus funds generated by high oil prices to investing in protection against supply-chain disruptions. In particular, pipelines bypassing the Strait of Hormuz and related infrastructure were cited as new order opportunities.
Lee said, “Samsung E&A has experience constructing major energy facilities during the Middle East’s previous expansion cycle and is currently carrying out preliminary reconstruction-related work in Qatar, Kuwait, and Bahrain.” He added, “Order wins could become visible within this year.”

[email protected] Choi Doo-sun Reporter