DL E&C wins KRW 346.6 billion rail bid: NH raises target for DL E&C stock

Published on 10/20/2026 at 04:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue fell 9.5 percent year over year to KRW 1.80 trillion. DL E&C stock has a KRW 95,000 target after NH lifted it from KRW 81,000 on October 8, 2026.

Rail award and earnings context

DL E&C became preferred bidder for a KRW 346.6 billion rail project on October 19, 2026.
NH Investment & Securities raised its target from KRW 81,000 to KRW 95,000 on October 8, 2026.
DL E&C had a KRW 2.2 trillion market capitalization as of October 20, 2026.

DL E&C, KR7375500006, Illustration mit AI erstellt.

DL E&C won preferred-bidder status for a KRW 346.6 billion rail project on October 19, 2026, while NH Investment & Securities raised its target for DL E&C stock from KRW 81,000 to KRW 95,000 on October 8. The award covers the first construction stage of the Dongtan urban railway and gives the South Korean builder a fresh order pipeline.

Rail award adds measurable scale

According to Asia Business Daily, the estimated project cost is KRW 346.6 billion, equal to 50 percent of the total KRW 693.1 billion construction budget. The amount represented 4.68 percent of DL E&C's 2025 revenue, and the planned construction period is about 53 months from the start of work.

The project includes 31.55 kilometers of railway, 33 stations and one depot. The company was selected by South Korea's Public Procurement Service, while the final contract value can change if the main agreement is signed.

What does the target increase mean?

Asia Business Daily reported that NH Investment & Securities kept its Buy rating and lifted the target to KRW 95,000 from KRW 81,000 on October 8, 2026. The analyst cited housing profitability and potential growth from data centers and small modular reactors.

DL E&C's second-quarter 2026 revenue was KRW 1.80 trillion, down 9.5 percent year over year, while operating profit reached KRW 159.0 billion with an 8.8 percent margin, according to ATS View. The rail award therefore matters alongside a mixed recent revenue trend rather than replacing the earnings question.

Three dated company developments

On October 19, 2026, DL E&C secured preferred-bidder status for the KRW 346.6 billion Dongtan rail project. On October 8, 2026, NH Investment & Securities raised its target from KRW 81,000 to KRW 95,000. On August 14, 2026, DL E&C reported second-quarter revenue of KRW 1.80 trillion and net income of KRW 129.7 billion, as listed by Investing.com.

KRW 57,500 on the KRX

DL E&C's KRX-listed common stock was last at KRW 57,500 on October 20, 2026 at 10:47 a.m. KST. The quote places the stock within its KRW 38,450 to KRW 106,600 52-week range, while its market capitalization was KRW 2.2 trillion on the same date.