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NH Investment & Securities Raises Daewoo E&C Target Price on Nuclear and LNG Hopes
Industrial Services · Engineering & Construction · yonhap_finance · 2026-09-10
047040
NH Investment & Securities has raised its target price for Daewoo E&C to 30,000 KRW, citing strong prospects for nuclear and LNG project wins.
What Happened
Target Price Hike: NH Investment & Securities has maintained a 'Buy' rating on Daewoo E&C while raising its target price to 30,000 KRW. The upgrade is driven by growing expectations for major project wins in the nuclear and LNG sectors.
Nuclear Expertise: Daewoo E&C is set to lead construction for the Czech nuclear project, positioning it as a key partner for potential U.S. nuclear exports. Its proven track record as a lead contractor distinguishes it from domestic competitors.
LNG Market Momentum: The company is gaining traction in global LNG markets, having been selected as a preferred bidder for projects in Papua New Guinea and Mozambique. The global acceleration of LNG final investment decisions is expected to further bolster the company's order book.
Earnings Outlook: Analysts forecast a strong Q3 performance, with operating profit expected to reach 186.5 billion KRW, significantly exceeding market consensus. This growth reflects a 230% year-on-year increase, signaling robust operational health.