[Featured Stock] Samsung Engineering, Recognized as a 'Carbon Zero Key Stock,' Shows Strength
[Asia Economy Reporter Park So-yeon] Samsung Engineering is showing strong performance.
As of 2:56 PM on the 15th, Samsung Engineering is trading at 26,750 KRW on the KOSPI market, up 2,600 KRW (10.77%) from the previous day.
Earlier, Daishin Securities identified Samsung Engineering as a key technology stock for a carbon-zero society. They also forecasted benefits from rising oil prices amid improving earnings.
Lee Dong-heon, a researcher at Daishin Securities, explained, "Stable group company orders and the recovery of oil prices have started to increase overseas plant orders," adding, "Profit margins are improving even during the pandemic situation."
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He added, "Moreover, as a pure EPC company, it holds various renewable growth points such as carbon capture (CCUS), eco-friendly plastics, and energy optimization."
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