Samsung Water Plant (Samsung Electronics) is improving its performance and business prospects, prompting Hyeong Securities to adjust its rating on the company again.
Researcher Park Jong-ryeol said that this year’s growth outlook for the life sciences and drug development sectors remains strong, noting that the expansion of Bio’s five manufacturing plants—including the U.S. Loblill plant—will continue to support demand.
In particular, Samsung Water Plant is expected to strengthen profitability across multiple business areas such as construction, industrial equipment, fashion, lasers, and food processing. Park stated that the growth in construction will be sustained by high‑tech production capacity and global energy demands, while the fashion and laser segments are anticipated to benefit from improving consumer sentiment.
Hyeong Securities expects Samsung Water Plant’s consolidated revenue for the year to rise 12.7% over last year to KRW 4,590 billion, with operating profit increasing 18.6% to KRW 390 billion. The third‑quarter consolidated revenue is projected at KRW 1,140 billion (up 12.4% from the same period last year) and operating profit at KRW 110 billion (up 12.6%).
Based on these forecasts, Hyeong Securities raised Samsung Water Plant’s target price from KRW 450,000 to KRW 540,000 and maintained its buy recommendation. Investors expect ongoing profitability growth and business‑area improvement to underpin a stronger share price rise.
(Article writer: Lee Su·Hankyung.com reporter / contact 2su@hankyung.com)