[Market Focus] Seah Holdings Surges Over 15% as Subsidiary Growth Potential Gains Attention

As the short-term stock price increases and growth potential of its subsidiaries have come into focus, the stock price of the holding company, Seah Holdings, is showing strong performance.

As of 9:27 a.m. on the 27th, Seah Holdings was trading at 123,400 won, up 16,400 won (15.33%) from the previous trading day.

On this day, Shinhan Investment & Securities stated, "Considering the recent short-term stock price increases of major subsidiaries and the mid- to long-term growth potential of Seah M&S, the investment appeal is high," and initiated coverage with a "Buy" rating and a target price of 140,000 won.

Park Kwangrae, a researcher at Shinhan Investment & Securities, said, "Seah M&S, a major subsidiary, is a specialized company in molybdenum (a key material in the steel industry) with top-tier global production capabilities," adding, "With the operation of its Vietnam plant next year, an expansion in market share is expected. The company is also advantageous in terms of cost and tariff burdens when exporting to the United States and Europe." "He also noted, "Seah Besteel Holdings has unrivaled competitiveness in nuclear Casks (transportation and storage containers for spent nuclear fuel)."

Researcher Park stated, "The target price for Seah Holdings was calculated by considering the corporate value of both listed and unlisted subsidiaries," and added, "The recent stock price increase has been driven by themes related to holding companies and expectations for new businesses of subsidiaries, but the PBR (price-to-book ratio) is 0.2 times, which is significantly lower than the company's 2027 target of 0.5 times."