[Click eStock] "Doosan, Subsidiary Performance Expected to Improve... Target Price Up 16.7%"

Daishin Securities has raised the target stock price by 16.7% to 420,000 KRW, forecasting strong performance from Doosan's subsidiaries.

Yang Ji-hwan, a researcher at Daishin Securities, stated, "The target stock price reflects the increase in equity value due to the stock price rise of subsidiaries Doosan Enerbility and Doosan Robotics."

Researcher Yang said, "Doosan's consolidated operating profit for the fourth quarter of last year was 208.9 billion KRW, in line with estimates, and the operating profit from its own business was 44.2 billion KRW, significantly exceeding estimates. We estimate that the trend continued in January and February this year."

However, Doosan conservatively projected sales for the Electronics BG division, which led the strong performance in the fourth quarter of last year, at 1.01 trillion KRW.

Regarding this, the researcher explained, "Mass production sales for client N began in earnest after November, so sales were conservatively assumed when preparing this year's business plan. The average exchange rate for this year was assumed to be 1,320 KRW, which is significantly different from the recent exchange rate. We believe this reflects the expected decrease in semiconductor-related CCL sales due to the delayed recovery of the semiconductor market."

This content was produced with the assistance of AI translation services.