On the 26th morning, Samsung E&A shares are up more than 10%. Buying is seen as rushing in on favorable reviews from securities firms that say order visibility is imminent.
As of 9:34 a.m. that day, Samsung E&A is trading on the main board at 29,750 won, up 2,750 won (10.19%) from the previous session. It jumped to as high as 30,600 won early in the session, nearly surpassing the 1-year high of 30,750 won.
Kim Se-ryeon of LS Securities said that day, "Despite the slowdown in petrochemical orders, Samsung E&A is seeking order growth by selectively winning projects that secure profitability through private contracts, focusing on the upstream gas market, and shifting to clean energy such as water treatment and green hydrogen."
Kim added, "Market diversification is also expected, backed by strategies such as entering bids for small- and mid-size LNG liquefaction train packages with license partners and pursuing pre-FEED (conceptual design) for entry into the U.S. clean energy sector."