Samsung C&T is strong in early trading as the value of its Samsung Electronics equity rises and expectations build for orders in the nuclear power business.
As of 10:05 a.m. on the 11th, Samsung C&T was trading at 431,500 won on the Korea Exchange, up 9,000 won (2.13%) from the previous session.
In the securities industry, target prices are being raised for Samsung C&T, citing the higher value of its Samsung Electronics equity holdings as well as improvements in its nuclear power and solar businesses and the investment value of its affiliates.
That day, Hana Securities maintained its investment opinion on Samsung C&T at "buy" (BUY) and raised its target price 50% to 600,000 won from 400,000 won.
Kim Seung-jun, an analyst at Hana Securities, said, "Although the share price has risen sharply over the past week, Samsung C&T's valuation remains inexpensive," and noted, "Reflecting the current Samsung Electronics share price, the price-to-book ratio (PBR) is around 0.7 times."