Doosan stock tracks KRW 970 billion CCL expansion plan

Published on 10/07/2026 at 03:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Doosan stock was last at KRW 1,456,000 on October 7, 2026, while Q2 revenue rose 4.5 percent to KRW 5.59 trillion. Meritz kept a KRW 2.4 million target.

Doosan, KR7000150003, Illustration mit AI erstellt.

Doosan stock (ISIN KR7000150003) was last at KRW 1,456,000 on the Korea Exchange on October 7, 2026 at 9:51 a.m. KST, down 0.82 percent from the prior close. The share price remains 41.5 percent below its 52-week high of KRW 2,489,000, while the company is committing KRW 970 billion to expand copper-clad laminate capacity for artificial intelligence infrastructure.

CCL investment raises growth stakes

As MK reported on October 6, Doosan said it would invest KRW 970 billion over three years to strengthen high-end CCL production. The plan covers KRW 420 billion in South Korea and KRW 550 billion in China, with production lines scheduled to start operating in stages during the second half of 2028.

The capacity decision is aimed at materials used in AI accelerators, network switches and optical modules. Doosan's stock was trading at KRW 1,458,000 in the October 6 report, up 8.72 percent from the previous trading day, linking the expansion plan to a sharp single-session market reaction.

Q3 estimates move sharply higher

ATS View reports that Doosan generated KRW 5.59 trillion in Q2 2026 revenue, up 4.5 percent year over year, while operating profit reached KRW 488 billion and the operating margin was 8.7 percent. Q1 revenue was KRW 5.06 trillion, making the sequential increase KRW 530 billion.

For the Electro-Materials business, Edaily reported on October 1 that Meritz Securities projected Q3 revenue of KRW 756.7 billion, up 72.0 percent year over year, and operating profit of KRW 226.3 billion, up 117.8 percent. The estimates were raised 6.8 percent and 5.6 percent from the brokerage's previous forecasts, respectively.

Meritz maintained a Buy rating and a KRW 2.4 million target in the October 1 report. That target lies 64.8 percent above the October 7 price, leaving the valuation case dependent on the expected conversion of CCL capacity into earnings rather than on the Q2 revenue increase alone.

Analyst targets stay above the price

StockHub lists 10 Doosan reports and a consensus median target of KRW 2.58 million as of September 28, 2026, with seven Buy ratings, no Hold ratings and no Sell ratings. Its published target range runs from KRW 1.7 million to KRW 2.75 million, showing a wide spread around the consensus figure.

Doosan stock trades below yearly high

Doosan stock had a market capitalization of KRW 26.0 trillion and volume of 18,223 shares on October 7, 2026. The session range was KRW 1,408,000 to KRW 1,471,000, giving investors a market value and trading range alongside the longer-term CCL expansion story.