Doosan's share price 201ten-thousand2thousand won, setting a record high

Doosan(000150)'s share price last month 29day, up 21.2 percent from the previous close, 201ten-thousand2thousand won, setting a record high at the close. During the session, it also entered the 200ten-thousand-won range. The share price gain drew market attention.

The company said its materials business delivered an earnings surprise, driven by increased demand in the artificial intelligence (AI) market. Improved performance in this business is supporting the share price trend. An earnings surprise refers to a case in which profits are higher than expected.

Doosan is currently pursuing the acquisition of SK Siltron, a wafer manufacturer. Expectations have emerged that completion of the acquisition would enable vertical integration in semiconductors. Some securities firms raised their target price to 250ten thousand won.

Upward revisions to target prices by securities firms coincided with news of improved earnings, influencing investor sentiment. Buying interest reportedly came from several investor groups. Volatility during trading and at the close increased.

This week’s share-price movement is seen as the result of a reassessment of the company’s business portfolio. In the short term, however, the acquisition process and subsequent earnings announcements could be additional sources of volatility. Investors should check the relevant disclosures and quarterly results.

This report summarizes facts as of 6 month 1 day. The content may change following subsequent disclosures or company announcements. Please refer to the company’s official materials for relevant schedules and disclosures.