Hyundai Motor Securities raised target for Samsung Eng stock to KRW 69,000

Published on 10/14/2026 at 05:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hyundai Motor Securities raised target from KRW 65,000 to KRW 69,000 on October 8, 2026. The 6.15 percent increase applied to Samsung Eng stock.

Order and earnings outlook

Hyundai Motor Securities raised its Samsung E&A target from KRW 65,000 to KRW 69,000 on October 8, 2026.
Second-quarter revenue reached KRW 2.61 trillion and operating profit KRW 273.0 billion on July 23, 2026.
Third-quarter operating profit was estimated at KRW 249.4 billion, with revenue projected at KRW 2.8069 trillion.

Samsung Eng, KR7028050003, Illustration mit AI erstellt.

Samsung Eng stock is tied to a higher analyst valuation after Hyundai Motor Securities raised its target from KRW 65,000 to KRW 69,000 on October 8, 2026. The brokerage kept its Buy rating as Samsung E&A's Saudi project pipeline and advanced-industry orders improved the earnings case.

Three dates shape the story

On July 23, 2026, Samsung E&A reported second-quarter revenue of KRW 2.61 trillion, up 19.80 percent year over year, and operating profit of KRW 273.0 billion. The operating margin was 10.50 percent.

On September 11, 2026, Samsung E&A received the Saudi SAN-7 project, valued at KRW 4.70 trillion, according to The Chosun Daily. Hyundai Motor Securities then lifted its target by 6.15 percent from KRW 65,000 to KRW 69,000 on October 8, 2026.

What supports the higher target?

The answer is a combination of contracted work and expected order conversion. Hyundai Motor Securities estimated third-quarter revenue at KRW 2.8069 trillion, 40.70 percent above the prior-year period, while operating profit was projected at KRW 249.4 billion, up 41.20 percent.

The SAN-7 award also gives the company a larger base for future revenue recognition. The same analysis cited Saudi Fadhili, Qatar Ras Laffan and UAE Ta'ziz Methanol projects, with values of KRW 9.00 trillion, KRW 4.40 trillion and KRW 2.50 trillion respectively.

Operating profit remains the key test

Samsung E&A's second-quarter operating profit of KRW 273.0 billion exceeded the KRW 188.2 billion reported for the first quarter of 2026, a sequential increase of 45.06 percent. That progression makes the projected third-quarter margin of 8.89 percent an important test for the recovery narrative.

Currency movements remain a counter-factor because a substantial portion of the company's revenue is denominated in US dollars. Hyundai Motor Securities said foreign-exchange pressure could be partly offset by hedging gains below the operating line, while the timing of advanced-industry orders remains material for the 2026 pipeline.

Samsung Eng enters the next results cycle

Samsung E&A is listed on the Korea Exchange KOSPI market under ticker 028050, according to ATS View. The company operates in engineering and technical services, with energy, industrial and environmental projects forming the operating base.

The company page identifies the July 23, 2026 earnings release as its second-quarter report and lists operating profit of KRW 273.1 billion in the headline. For investors, the central evidence is the relationship between order conversion, margin stability and the KRW 69,000 analyst target.