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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

[EQUITIES] ‘Samsung C&T’s reevaluation pending’

  • PUBLISHED :April 03, 2018 - 10:38
  • UPDATED :April 03, 2018 - 10:38
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[THE INVESTOR] Samsung C&T’s overhang issues will soon be solved eliminating the discounting factor, said Kyobo Securities on April 3, maintaining a “buy” recommendation and maintaining 180,000 won (US$169.99) target price.




Samsung Electronics, Samsung SDI and Samsung Life will offload their stake in Samsung C&T in ways that will minimize upsetting the market The largest stakeholders will acquire additional stake and sell to institutional buyers in after-hours block deals, said analyst Baek Gwang-je.

Samsung C&T’s current total market value is 26.8 trillion won, less than the stake it owns in public companies totaling 36 trillion won, underlined the analyst. 

Its revenue this year will rise 5.7 percent on-year to 7.1 trillion won and operating profit by 17.5 percent to 161 billion won, he estimated. 

It has exited underperforming businesses and improved management efficiency of fashion sector advancing its profitability. Its earnings across sectors will enhance this year and operating profit for the whole year will reach 1 trillion won, forecast the analyst. 

By Hwang You-mee (glamazon@heraldcorp.com)

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