[Click eStock] "Samsung E&A, Additional Orders Expected for Trend Reversal in the Second Half"

Daishin Securities evaluated on the 25th that Samsung E&A is expected to secure additional orders for a trend reversal in the second half of the year. They maintained a 'Buy' investment rating and a target price of 38,000 KRW.

Researcher Lee Taehwan of Daishin Securities stated, "The second-quarter earnings are expected to show a decline in operating profit compared to the same period last year, which had a high base due to a one-time construction settlement gain of around 100 billion KRW. However, sales growth from major sites such as Saudi Arabia, Qatar, and Russia, excluding the Mexico DBNR project in the final stages, will compensate for this, maintaining stable scale and profit size."

He added, "The stock price has shown a consistent downward pattern since last month, reflecting foreign investors' disappointment over the decision to postpone the shareholder return policy and increased doubts about Saudi Arabia's order capacity due to the downsizing of the Neom City plan, which negatively impacted the stock. However, there has been no confirmation of delays in the targeted petrochemical business, so the order momentum remains solid."