[Market Focus] Samsung E&A Rises Over 7% on Expectations of Strong Earnings

The stock price of Samsung E&A is on the rise, driven by expectations of strong performance across its business segments.

As of 10:10 a.m. on October 23, Samsung E&A was trading at 30,450 won, up 2,050 won (7.22%) from the previous trading day.

On this day, Korea Investment & Securities maintained its "Buy" rating and target price of 40,000 won for Samsung E&A.

For the third quarter, the company forecasted sales of 2.3976 trillion won (a 3.5% increase year-on-year) and operating profit of 181.6 billion won (an operating margin of 7.6%). Kang Kyungtae, a researcher at Korea Investment & Securities, stated, "Compared to the market consensus, sales are 5.6% higher and operating profit is 6.0% higher," and added, "Next year, all sectors-petrochemical, non-petrochemical, and green EPC-are expected to contribute to earnings."

He further commented, "The key factor is the revenue from the Fadhili gas site in Saudi Arabia," adding, "The cumulative progress rate at the Fadhili site, which has a project value of 8.9 trillion won, was only 8.8% over 14 months (from April 2024 to June 2025) since the contract was signed. Since the remaining construction period is nine quarters until completion, the remaining contract balance at the end of the first half will be evenly allocated over nine quarters through September 2027 and added to petrochemical sales."