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Heungkuk Securities Raises Samsung C&T Target Price on Strong Earnings and Shareholder Returns
Industrial Services · Engineering & Construction · yonhap_finance · 2026-08-24
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Heungkuk Securities raised its target price for Samsung C&T to 540,000 KRW, citing strong earnings momentum across all divisions and shareholder return prospects.
What Happened
Target Price Upgrade: Heungkuk Securities has raised its target price for Samsung C&T from 450,000 KRW to 540,000 KRW. The upgrade is driven by attractive valuation, strong earnings momentum, and expectations for enhanced shareholder returns.
Broad-Based Growth: The company is expected to see a 12.4% increase in revenue and a 12.6% rise in operating profit for the third quarter. All business divisions, including construction, fashion, and leisure, are projected to contribute to both top-line growth and margin expansion.
Bio Sector Leadership: The bio division is leading the performance, bolstered by the full operation of plants 1 through 4 and favorable foreign exchange effects. The upcoming activation of plant 5 and the Rockville facility in the U.S. is expected to sustain this growth trajectory.
Annual Earnings Outlook: Analysts have revised their full-year outlook, projecting a 12.7% increase in annual revenue and an 18.6% jump in operating profit compared to the previous year. This solid performance is expected to serve as a key driver for stock price appreciation.