[Click eStock] SK D&D, Earnings Expected Next Year

[Asia Economy Reporter Junho Hwang] On the 19th, Kiwoom Securities set the target price of SK D&D, which is engaged in non-residential real estate development and renewable energy development projects, at 46,000 KRW.

SK D&D is the first comprehensive real estate developer to be listed in Korea, showing an average annual sales growth rate of 23% and a controlling shareholder net profit growth rate of 37% since its listing in 2015 until last year. Since 2014, it has been continuously expanding its renewable energy business, including wind power, solar power, ESS, and fuel cell development.

In the case of last year, controlling shareholder net profit recorded 130 billion KRW, an increase of 102% compared to the previous year, as profits were recognized all at once from the sale of Jeju Chosun Hotel, Samil Building, and Yeoksam-dong site.

Younghwan Cho, a researcher at Kiwoom Securities, forecasted, "Although it will be difficult to achieve the same performance as last year this year, controlling shareholder net profit next year will exceed 80 billion KRW, raising the profit level compared to the past."