April 24, 2024
Stocks & Bonds
[EQUITIES] ‘Samsung Engineering to improve earnestly in 2018’
[THE INVESTOR]
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Its stock price has hiked as its order backlog reversed in the third quarter and anticipations rose for winning a large project, but the target price would be raised after confirming that the uptrend is maintained and leads to an improvement in profits, said analyst Kim Gi-ryong.
In the third quarter it has won orders worth 2.8 trillion won, the highest in 14 quarters, and will remain solid for the time being, but earnings will begin to improve in earnest from next year, said the analyst.
By Hwang You-mee (glamazon@heraldcorp.com)
