[Feature Stock] Korea Land & Securities Jumps on Earnings Turnaround Expectations...Hits Record High

Korea Land & Securities is continuing its upward trend for the ninth consecutive trading day, setting a new intraday 52-week high.

As of 9:44 a.m. on the 24th, Korea Land & Securities was trading at 1,555 won, up 86 won (5.85%) from the previous day. During the session, it climbed to 1,557 won, renewing its 52-week high.

On this day, Shinhan Investment & Securities raised its target price for Korea Land & Securities from 2,000 won to 2,300 won, expecting the company’s earnings to enter a full-fledged turnaround this year. Sunmi Kim, an analyst at Shinhan Investment & Securities, explained, "The earnings turnaround will begin in earnest this year," adding, "Korea Land & Securities is significantly undervalued, considering the favorable industry shifts such as project financing (PF) restructuring and an increase in the share of trust mandates in urban redevelopment projects, the introduction of a phase to realize returns from REITs investments, and the sharply rising equity value of affiliates. We see no reason for it to be left out of the recent rebound phase in small and mid-sized construction stocks."

Shinhan Investment & Securities forecasts Korea Land & Securities’ earnings for this year at 233.8 billion won in operating revenue and 44.5 billion won in operating profit. Analyst Kim said, "There is additional upside potential for earnings, given the recent month-on-month improvement in regional housing market conditions and the high earnings growth of affiliates that is expected to continue into 2026," adding, "We will continue to revise up our earnings and share-price estimates as we confirm results each quarter."