[Alpha Biz=(Chicago) Reporter Paul Lee] NH Investment & Securities raised its target share price by 50,000 won (35.71%) to 190,000 won on the 28th, saying, "Its business performance is expected to recover and listed affiliates are also showing good earnings momentum." Investment opinion also maintained 'buy'.

"Considering the strong stock price of Doosan Robotics (454910), in which Doosan holds a 68.2% stake, considering the possibility of cashing in some of its stocks, it is expected to present future growth strategies to meet the value-up program, improve capital efficiency and strengthen shareholder returns," NH Investment & Securities said.

"Doosan's first-quarter sales and operating profit to rise 4 percent year-on-year to 4.515 trillion won and 10 percent to 306 billion won, respectively," NH Investment & Securities said. "Its own business operating profit will recover from a temporary slump in the previous quarter, and improvements in the semiconductor and mobile markets, which are front industries in the electronic sectors, and mass production of new products are under way."

"We expect to exceed the annual management target of 4.7% increase in sales and 72% of high value-added products depending on the sales of new customers," NH Investment & Securities said. "We will reflect changes in the stock price of listed subsidiaries, raise our own business performance outlook, and raise the target price by reducing the target discount rate from 60% to 55%."

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