Eugene Investment & Securities analyzed on the 17th that if the increase in raw material prices is reflected in the selling price, Hyundai Construction's performance will also improve. Accordingly, it maintained a buy investment opinion and a target stock price of 38,000 won. The closing price on the previous trading day was 25,850 won.
Baek Kwang-je, a Research Institute at Kyobo Securities, projected that as the occupancy of major sites such as apartments approaches in the third quarter of this year, Hyundai Construction's cash flow will improve. Baek noted, "As the increase in raw material prices is reflected in the selling price, revenue from establishments will rise," adding, "This is expected to improve domestic margins."
Baek also focused on the valuation attractiveness of Hyundai Construction's stock price. He said, "Recent stock prices have been low due to domestic political uncertainties and rising expenses," and predicted, "Considering the anticipated sales from large-scale overseas projects and improvements in domestic dwelling margins, the stock price is likely to rise."
Nevertheless, Baek projected that Hyundai Construction's operating profit will decrease in the fourth quarter of this year. He analyzed, "Hyundai Construction is facing persistent weak cost ratios ahead of the completion of large-scale projects," and stated, "The forecast for a decrease in annual operating profit appears inevitable."