Elliott award returns as SK Securities keeps Buy on Samsung C&T stock

Published on 10/02/2026 at 02:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SK Securities keeps a Buy rating on Samsung C&T stock at KRW 550,000. Second-quarter revenue rose 19.7 percent year on year.

Samsung C&T, KR7028260008, Illustration mit AI erstellt.

Samsung C&T (ISIN KR7028260008) faces renewed legal exposure after a tribunal ordered South Korea to pay Elliott USD 48.49 million on October 1, 2026. The same company also carries a KRW 550,000 target and Buy rating from SK Securities, according to EDAILY on September 23, 2026.

Elliott award revives merger liability

According to Seoul Economic Daily on October 1, 2026, the remand tribunal found a causal link between government intervention in the 2015 merger of Samsung C&T and Cheil Industries and Elliott's losses. The award covers USD 48.49 million in damages plus delayed interest, while Elliott said the total including interest and legal costs reached USD 113 million.

The ruling matters because Elliott held Samsung C&T shares during the merger dispute. The South Korean Justice Ministry is reviewing the award and possible legal steps, leaving the financial liability tied to a historic transaction rather than to the company's current operating performance.

Second-quarter growth supports target

Samsung C&T reported KRW 12.0 trillion in revenue for the second quarter of 2026, up 19.7 percent from the second quarter of 2025, while operating profit reached KRW 1.03 trillion, according to ATS View. Net income was KRW 916 billion and the operating margin was 8.6 percent in the same quarter.

SK Securities projected 2026 revenue of KRW 45.8 trillion, 12.3 percent above the prior year, and operating profit of KRW 3.8 trillion, up 15.1 percent, EDAILY reported on September 23, 2026. The analyst also forecast early 2027 dividend per share of KRW 8,550, compared with a market forecast of KRW 3,882.

KRW 224,500 quote stays below yearly high

Samsung C&T was last at KRW 224,500 on the KRX on October 1, 2026 at 3:30 p.m. KST, up KRW 500, or 0.22 percent, from the prior close of KRW 224,000. Its market capitalization was KRW 56.7 trillion, and the KRW 124,600 to KRW 329,500 52-week range placed the quote 31.87 percent below the yearly high.