Doosan price target 245won; growth outlook for its Electro-Materials BG emerges
Doosan's target price 245has been newly set at won. Rising demand for copper-clad laminates at its Electro-Materials BG was cited as the basis, alongside reports on CJ and Orion.
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Korea Investment & Securities 5 month 19 day launched coverage of Doosan and assigned it a Buy rating. The target price is 245 won. The previous day's closing price was 159ten-thousand 3000won, also stated in the report.
The report cited the growth trajectory of the Electro-Materials BG as its basis. The BG operates a copper-clad laminate (CCL) business, a key material for high-performance semiconductors. The report said that growth at the Electro-Materials BG would continue as demand for CCL rises.
Doosan's Electro-Materials BG was described as a business whose growth is gaining momentum alongside the semiconductor boom. This year, 1quarterly operating profit trends at the Electro-Materials BG were also cited as a key basis in the report. The published information did not state the specific amount of operating profit for the 1quarter.
A CJ report was also released on the same day. CJ was1reported to have posted quarterly results below market expectations. The analysis suggested that stronger regulations on duplicate listings could mean the performance of unlisted subsidiary Olive Young is reflected more directly in CJ’s share price.
Orion was2expected to see profitability improve from the quarter. The seasonal peak and falling cocoa prices were cited as factors. The report said that lower cost pressures could improve the margin spread.
The collection of reports presented distinct factors for Doosan, CJ and Orion. The key points were semiconductor materials demand for Doosan, the reflection of Olive Young’s value for CJ, and easing cost pressures for Orion. Target prices and earnings forecasts for each stock are based on brokerage reports.