Hyundai E&C, KR7000720003

Hyundai E&C wins KRW 2.61 trillion project and Yuanta targets Hyundai E&C stock

Published on 10/20/2026 at 01:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Urban renewal orders reached KRW 12.73 trillion in 2026. Hyundai E&C stock faces Q3 revenue of KRW 6.54 trillion and a 3.3 percent margin.

Construction orders and earnings

On October 19, 2026, Hyundai E&C secured a KRW 2.61 trillion Seoul redevelopment project.
Yuanta forecast KRW 6.54 trillion in third-quarter 2026 revenue and a 3.3 percent operating margin.
Yuanta maintained a KRW 205,000 target on October 19, 2026.
Hyundai E&C is scheduled to report third-quarter results on October 28, 2026.

Hyundai E&C, KR7000720003, Illustration mit AI erstellt.

Hyundai E&C (ISIN KR7000720003) won a KRW 2.61 trillion redevelopment project in Seoul on October 19, 2026, while Yuanta maintained a KRW 205,000 target for the stock. The contract moves the builder's urban renewal orders beyond its KRW 12 trillion annual target, but the next earnings report will test whether improving margins can offset lower revenue.

Orders cross KRW 12 trillion

According to Financial News on October 19, 2026, Hyundai E&C was selected to rebuild Mokdong Complex 10 in Seoul's Yangcheon district. The KRW 2.6136 trillion project will replace 2,160 apartments with 4,248 units in buildings of up to 40 floors.

The order lifted cumulative urban renewal contracts for 2026 above KRW 12 trillion, the company's stated annual goal. That figure gives the project immediate scale, while the conversion of orders into revenue remains the more important earnings question.

What does the target imply?

EDAILY reported on October 19, 2026, that Yuanta kept its Buy rating and KRW 205,000 target. Yuanta projected third-quarter 2026 revenue of KRW 6.5433 trillion, down 16.4 percent year over year, while operating profit was expected to rise 108.8 percent to KRW 216 billion, implying a 3.3 percent margin.

That forecast contrasts with Hyundai E&C's reported second-quarter 2026 revenue of KRW 6.8423 trillion and operating profit of KRW 258.82 billion. EDAILY said Shinhan Investment Securities cut its target from KRW 170,000 to KRW 140,000 on October 15, 2026, citing delays in nuclear power contracts.

Three events set the timeline

On October 15, 2026, Shinhan lowered its target from KRW 170,000 to KRW 140,000. On October 16, 2026, Seoul Economic Daily reported that Hyundai E&C received certification for its H-PCW precast wall system under design code KDS 41 20 10. On October 19, 2026, the company secured the KRW 2.6136 trillion Mokdong project.

Results arrive October 28

Investing.com lists October 28, 2026 as Hyundai E&C's next reporting date. The release will show whether the KRW 216 billion operating-profit forecast can coexist with the projected 16.4 percent revenue decline.

For Hyundai E&C stock, the evidence now points in two directions: contract intake has exceeded the KRW 12 trillion urban renewal target, while nuclear order timing and third-quarter revenue remain the key tests.