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[Alpha Biz=(Chicago) Reporter Paul Lee] NH Investment & Securities diagnosed Samsung C&T as a situation where expectations for higher shareholder value have increased due to continued strengthening of new businesses and raised its target stock price from 150,000 won to 160,000 won.
"With Samsung C&T's strong construction and expansion leading its performance, Samsung C&T has strengthened its profit strength by resolving the impact of COVID-19 in other sectors," NH Investment & Securities Co. said in a stock report on the 29th.
NH Investment & Securities also added, "We are investing 2 trillion won in strengthening existing business competitiveness over the next three years and 2 trillion won in discovering eco-friendly energy, bio and healthcare new businesses."
As for Samsung C&T's fourth-quarter earnings, it predicted operating profit to grow for nine consecutive quarters.
Sales in the fourth quarter fell 1% year-on-year to 10.5823 trillion won and operating profit rose 10% to 698.9 billion won.
In the case of the construction sector (operating profit of 262.3 billion won), it is expected to make the previous quarter's level of profitability by strengthening overseas projects and expanding housing businesses despite the reduction in sales of high-tech projects.
Sangsa (KRW 34.4 billion) predicted that some offsets are expected due to the expansion of solar power sales despite weak trading demand.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
