Eugene Investment Raises Samsung E&A Target Price to 77,000 Won, Up 13.2%, Citing Path to 1 Trillion Won Annual Operating Profit

According to Eugene Investment & Securities, Samsung E&A today exceeded market expectations in the second quarter, prompting the firm to raise its target stock price from 68,000 won to 77,000 won, a 13.2% increase. The brokerage maintains a 'Buy' rating and forecasts the company will achieve 1 trillion won in annual operating profit.

Samsung E&A reported Q2 operating profit of 273.1 billion won, a 51% increase year-over-year, while revenue reached 2.61 trillion won, up 19.8%. The advanced materials and new energy segments drove growth, rising 42.2% and 146.3% respectively, supported by semiconductor specialty materials demand and renewable energy projects including UAE methanol and Malaysian sustainable aviation fuel initiatives.