Samsung Heavy stock: Kiwoom cut target from KRW 42,000 to KRW 34,000

Published on 10/24/2026 at 03:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kiwoom cut its target to KRW 34,000 on October 19, 2026. Samsung Heavy stock faces third-quarter sales of KRW 3.16 trillion.

Target cut and earnings outlook

Kiwoom Securities cut its Samsung Heavy Industries target from KRW 42,000 to KRW 34,000 on October 19, 2026.
Third-quarter revenue is forecast at KRW 3.16 trillion, with operating profit of KRW 341.3 billion.
Samsung Heavy Industries had a KRW 14.4 trillion market capitalization on October 23, 2026.

Samsung Heavy, KR7010140002, Illustration mit AI erstellt.

Samsung Heavy Industries (KR7010140002) became the subject of a lower analyst target after Aju Press reported on October 19, 2026, that Kiwoom Securities cut its target from KRW 42,000 to KRW 34,000. The broker kept its Buy rating while pointing to capacity expansion by Chinese shipbuilders as a risk.

What does the target cut mean?

Kiwoom's target reduction equals 19.05 percent, calculated from KRW 42,000 to KRW 34,000. The same report forecast third-quarter revenue of KRW 3.16 trillion, up 19.90 percent from the prior-year period, and operating profit of KRW 341.3 billion, up 43.40 percent, according to Aju Press.

Three dated signals for Samsung Heavy

On January 30, 2026, Samsung Heavy Industries reported fiscal-year 2025 revenue of USD 7.45 billion and operating profit of USD 603.0 million, with revenue up 7.50 percent year over year, as summarized by Stocks Korea.

On July 24, 2026, provisional second-quarter results showed revenue of USD 2.19 billion, operating profit of USD 220.0 million and net income of USD 151.0 million, the same filing summary said.

On October 19, 2026, Kiwoom Securities forecast a 10.80 percent third-quarter operating margin and cited orders for 18 LNG carriers covering delivery slots through 2029, according to Aju Press.

Orders support the earnings case

The order book provides the counterweight to the lower valuation multiple. Kiwoom said Samsung Heavy Industries had secured USD 7.5 billion in commercial ship orders by the end of September 2026, above its USD 5.7 billion annual target, while two floating LNG production facilities added USD 4.4 billion in offshore orders during the first half of 2026.

A separate October 7, 2026 analysis from Daol Investment & Securities kept a KRW 41,000 target and estimated third-quarter revenue of KRW 3.2487 trillion and operating profit of KRW 376.8 billion, as reported by Financial News. The gap between the two forecasts shows how strongly the stock depends on assumptions about ship mix and future demand.

Stock stays below its yearly high

On the KRX, Samsung Heavy Industries stood at KRW 16,830 on October 23, 2026. Its 52-week range was KRW 16,450 to KRW 35,350, while market capitalization stood at KRW 14.4 trillion.