DAISHIN SECURITIES said on the 30th that it is raising its target price for Doosan by 26.6% due to the increased value of its nuclear and robotics subsidiaries. The target price is raised from the previous 640,000 won to 810,000 won, and the investment opinion remains 'buy.'
As the new government comes into power, investor sentiment around holding companies is rising. In addition to the policy expectations, Doosan's stock price is also increasing due to the rise in the stock prices of its core subsidiaries, Doosan Enerbility and Doosan Robotics.
In particular, Doosan Enerbility's stock price is soaring due to favorable policies for nuclear power generation in the United States introduced by the Trump administration, global small modular reactor (SMR) market expansion, and the winning of major nuclear power contracts in Korea. With positive outlooks for the global nuclear power market and the expansion of the SMR market, the strong stock price is likely to continue.
Its own business is also growing. Doosan's electronic business group reported sales of 402.9 billion won in the first quarter, and second-quarter sales are expected to be 411.6 billion won. Despite a decline in exchange rates, it is analyzed that both sales and expenses are recognized in dollars, so there will be little impact.
Yang Ji-hwan, a researcher at DAISHIN SECURITIES, analyzed, "Doosan has policy momentum with the passage of the commercial law amendment in July, but maintains its top pick in the holding company sector due to its own net asset value (NAV) increase factors."