Shinhan keeps target for POSCO Holdings stock at KRW 490,000.00

Published on 10/05/2026 at 21:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shinhan sees third-quarter operating profit at KRW 804.50 billion, down 1.80 percent. POSCO Holdings stock costs EUR 52.25 on October 5, 2026 after EUR 51.25.

PKX, US6934831099, Illustration mit AI erstellt.

POSCO Holdings (ISIN US6934831099) was trading at EUR 52.25 at Lang & Schwarz on October 5, 2026 at 9:36 p.m. CEST, up 1.95 percent versus the prior close of EUR 51.25. According to KBI Intelligence on October 1, 2026, Shinhan Investment Securities maintained its Buy recommendation and KRW 490,000.00 target for POSCO Holdings. The key test is whether lithium operations begin producing meaningful earnings.

Lithium profits set the test

Shinhan forecasts consolidated third-quarter operating profit of KRW 804.50 billion, down 1.80 percent from the second quarter and close to market consensus of KRW 808.70 billion, according to the same October 1 report. The forecast combines a projected 44.00 percent quarter-over-quarter increase in standalone steel operating profit with weaker contributions from POSCO International and secondary battery materials.

The report places particular weight on lithium profitability. POSCO Argentina's first plant is expected to operate at 70.00 percent capacity and near break-even, while Pilbara Lithium Solutions faces higher raw-material costs after lower-cost inventory was depleted.

Second-quarter figures reset earnings

ATS View reports that POSCO Holdings generated KRW 19.3 trillion of revenue in the second quarter of 2026, up 9.70 percent year over year. Operating profit reached KRW 819.0 billion, compared with KRW 707.0 billion in the first quarter, while net income was KRW 761.0 billion.

The earnings mix matters because the steel business remains the profit base while battery materials and energy provide the recovery option. That combination explains why the latest analyst view pairs a high target with a warning that lithium earnings must become visible in the income statement.

PKX trades in after-hours

MarketBeat lists a September 29, 2026 downgrade by Zacks Research from Strong Buy to Hold, adding a more cautious US analyst signal to Shinhan's constructive Korean view. Investing.com identifies PKX as a NYSE listing and names October 26, 2026 as the next earnings date.

At Lang & Schwarz, POSCO Holdings was trading at EUR 52.25 on October 5, 2026 at 9:36 p.m. CEST, after EUR 51.25 at the prior close. The session was after-hours for the Xetra perspective, and the euro quote was up 1.95 percent on the day.