KB Securities raises Samsung C&T target price on nuclear expansion, earnings growth expectations

KB Securities has upgraded its target price for Samsung C&T, projecting significant growth and maintaining a 'Buy' rating. The brokerage firm increased its target price by 22.5%, from 400,000 won to 490,000 won, reflecting positive expectations for the company's future performance. This upward revision is based on anticipated growth stemming from the expansion of Samsung C&T's nuclear power business, alongside robust sales across all its operational sectors. The previous closing price of the stock was 354,000 won. KB Securities anticipates that Samsung C&T's revenue for the second quarter will see a 10.4% increase compared to the same period last year. The analysis highlights the company's strong performance and strategic expansion in key areas, particularly in the nuclear power sector, as drivers for future profitability and market value.