사진= HDC Hyundai Development Company

[Alpha Biz= Reporter Kim Sangjin] Shinhan Investment Securities, on the 23rd, raised its target price for HDC Hyundai Industrial Development from 28,000 won to 33,000 won, emphasizing that the investment value remains strong despite the recent surge in the company's stock price.

In its report, Shinhan Investment Securities noted, "While the short-term stock price surge may seem concerning, considering the industry recovery, increasing asset value, distinctive growth potential through proactive land investments, and limited investment alternatives, the investment appeal remains intact."

HDC Hyundai Industrial Development's stock price has surged approximately 65% since the beginning of the year, driven by expectations of a housing market recovery and resulting performance turnaround.

The report also highlighted that the recent rise in sales prices benefits companies engaged in their own projects, and HDC Hyundai is rapidly improving its performance due to industry changes.

The development project at Kwangwoon University station area is expected to begin construction in early November, with sales slated for mid-November. This project is anticipated to contribute around 400 billion won in revenue next year and will start making significant performance contributions from 2026.

 

 

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