April 19, 2024

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[THE INVESTOR] Doosan’s earnings in the third quarter will meet market expectations, said Hana Financial Investment on Oct. 23 maintaining a “buy” recommendation and 190,000 won (US$167.34) target price. 

Its operating profit in its own business will come in at 70.7 billion won and Doosan Heavy Industries’ advance in operating profit will boost the parent company. Doosan Infracore will remain on an upswing and its fourth-quarter earnings will be a record high on the back of gaining profits from the fuel cell sector, said analyst Oh Jin-won.

In addition Doosan is likely to review additional means to reward its shareholders following retirement of 5 percent stake planned for the fourth quarter, which completes its three-year plan to reinforce returns, the analyst added. 

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