[Click eStock] "Doosan, Further Upside Possible"… Target Price 150,000 Won

[Asia Economy Reporter Ji Yeon-jin] KTB Investment & Securities announced on the 23rd that regarding Doosan, concerns about liquidity have somewhat decreased following the public announcement of the decision to sell Doosan Construction, and with short-term expectations being realized, it is expected to continue further gains, raising the target stock price to 150,000 won.

Han-yi Kim, a researcher at KTB Investment & Securities, explained, "The favorable performance of its own businesses such as electronics and the growth of the hydrogen fuel cell business through the establishment of technology subsidiaries, allow for the full reflection of the value of Doosan Heavy Industries' shares, which were provided as collateral after graduating from the creditor management system."

Since September, Doosan's stock price has been on the rise. This is due to the spotlight on Doosan's hydrogen fuel cell business under its umbrella, the resumption of expectations for nuclear power plants, and the revaluation of its subsidiary Doosan Heavy Industries. In particular, this month, the renewed push for the sale of Doosan Construction has reflected expectations that the graduation from the creditor management system has become more concrete, leading to a strong performance.

Researcher Kim emphasized, "This year, Doosan has continuously increased capital in promising subsidiaries such as Doosan Mobility (hydrogen fuel cells for drones), Doosan Logistics Solution, and Doosan Robotics," adding, "After graduating from the management system, the portfolio centered on growth-promising industries is highlighted, and a discount rate of 60% and a lower level compared to other holding companies can also be expected."