Doosan shares hit an all-time high, 201ten-thousand2thousand won at the close

Doosan's share price set a new all-time high. On the last trading day, last month, 29the share price was up 21.2%201ten-thousand2thousand won at the close. This is the highest level since the company was listed.

The earnings surprise in its in-house materials business was cited as a reason for the sharp rise in the share price. Reports interpret the strong results as being linked to increased demand in the artificial intelligence market. An earnings surprise means that results came in better than securities firms had expected.

The proposed acquisition of wafer manufacturer SK Siltron is also being discussed. The market expects that, if the acquisition goes through, it will contribute to vertical integration in semiconductors. The acquisition expectations are reported to have been reflected in investor sentiment.

Some securities firms raised their target prices. They forecast that Doosan’s share price could rise to 250the tens-of-thousands-of-won range. Improved performance in the materials business and acquisition expectations were both cited as reasons for the target-price increases.

The information made public so far is as stated above. Further company disclosures and announcements related to the acquisition are still pending. Related facts can be confirmed in company disclosures.