Heungkuk Securities analyzed Samsung C&T as a company optimized for value-up programs

COMPANY / Reporter Kim Jisun / 2024-03-07 03:35:25
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[Alpha Biz=(Chicago) Reporter Kim Jisun] Heungkuk Securities analyzed Samsung C&T on the 6th that it is optimized for value-up programs by expanding shareholder returns and securing growth engines.

"Despite the global economic downturn, business performance can remain solid this year," Heungkuk Securities said in a report on the same day. "The good performance trend is expected to continue despite the profit reduction in the construction sector as Samsung C&T is building various business portfolios."

Consolidated sales in the first quarter are expected to rise 1% year-on-year to 10.3 trillion won and operating profit to 688.3 billion won, up 7.4%. The leisure sector is expected to suffer operating losses due to the seasonal off-season, but the deficit is expected to shrink compared to last year.

Researcher Park said that Samsung C&T is turning into a growth value stock by securing new growth engines.

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)

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