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[Alpha Biz=(Chicago) Reporter Paul Lee] Heungkuk Securities said on the 29th that POSCO International has diversified its business portfolio to secure growth engines. Investment opinion 'buy' and target stock price remained at 100,000 won.
"The global business environment for this year and next year is negative, but POSCO International is strengthening its growth engine by securing various business portfolios. The 12-month price-to-value ratio (PER) is 17 times more attractive," Heungkuk Securities said.
"POSCO International will grow in earnest from 2026," Heungkuk Securities said. "It will also increase corporate value by expanding the supply of eco-friendly car parts and secondary battery materials within POSCO Group." It is also expected that shareholder return measures such as dividend expansion and treasury stock purchase and incineration will be carried out in earnest from 2026.
Heungkuk Securities estimated POSCO International's operating profit at 239.9 billion won in the fourth quarter. The figure is up 14.2 percent from a year earlier. However, sales are expected to decrease by 6.8% to 8.5 trillion won. The energy sector will perform well, but sales are expected to decline due to sluggish steel and food material businesses.
Heungkuk Securities said, "The general trading company has received low corporate value due to low profitability. POSCO International is expected to reduce the portion of its trading business and expand new businesses such as profitable liquefied natural gas (LNG) and secondary battery materials to enhance profitability."
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
