Daishin cuts Hanwha Aerospace stock target to KRW 1.64 million

Published on 10/14/2026 at 00:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 47.20 percent to KRW 9.29 trillion in 2026's second quarter. Daishin set KRW 1.64 million target for Hanwha Aerospace stock.

Defense results and analyst view

Daishin Securities cut its Hanwha Aerospace target from KRW 1.72 million to KRW 1.64 million on October 12, 2026.
Revenue rose 47.20 percent to KRW 9.29 trillion in the second quarter of 2026.
Hanwha Aerospace had a market capitalization of KRW 43.2 trillion as of October 13, 2026.

Hanwha Aerospace, KR7012450003, Illustration mit AI erstellt.

Daishin Securities had cut its Hanwha Aerospace stock target from KRW 1.72 million to KRW 1.64 million on October 12, 2026, citing expectations that third-quarter revenue and operating profit would fall below consensus. The revised target was 4.70 percent below the previous target, putting the analyst view at the center of the current debate over execution and valuation.

Target cut points to near-term pressure

According to Newspim on October 12, 2026, Daishin Securities kept a Buy rating while lowering the target to KRW 1.64 million from KRW 1.72 million. The report also pointed to a heavier concentration of earnings in the fourth quarter, which makes delivery timing and project execution important variables for the next results cycle.

The same report placed the six-month average analyst target at KRW 1.651304 million, 0.69 percent above Daishin's revised target. That narrow gap suggests the cut moved the target close to the broader analyst view rather than creating a sharply different valuation case.

What does the earnings growth mean?

Hanwha Aerospace reported revenue of KRW 9.29 trillion in the second quarter of 2026, up 47.20 percent year over year, while operating profit reached KRW 1.37 trillion. ATS View reported those figures from company filings and listed net income at KRW 1.08 trillion for the same period.

The comparison with the first quarter shows why the third-quarter forecast matters: revenue increased from KRW 5.75 trillion to KRW 9.29 trillion, while operating profit rose from KRW 639.0 billion to KRW 1.37 trillion. The business therefore entered the second half with a larger earnings base, but the analyst downgrade indicates that expectations for the next quarter had moved faster than the near-term delivery outlook.

Three dated developments shape the story

On June 30, 2026, the second-quarter report recorded KRW 9.29 trillion of revenue and KRW 1.37 trillion of operating profit. On September 18, 2026, Hanwha Aerospace and Hanwha Systems were covered in connection with a chief executive resignation while the stock was quoted at KRW 1.097 million. Marketscreener also listed a Buy consensus from 22 analysts and an average target of KRW 1.665238 million at that time. The October 12 target cut is the latest of the three developments.

Valuation remains tied to delivery

Hanwha Aerospace had a market capitalization of KRW 43.2 trillion as of October 13, 2026. Its 52-week range was KRW 783,000 to KRW 1.655 million, leaving the current valuation tied closely to the market's assessment of defense orders, production capacity and the timing of fourth-quarter earnings.

Hanwha Aerospace is listed on the Korea Exchange KOSPI market under ticker 012450, according to ATS View. The company operates in aerospace and defense, and the next valuation test is the market's response to the third-quarter earnings evidence and the delivery profile implied by the fourth-quarter concentration.

Market value and investor perspective

The KRW 43.2 trillion market capitalization as of October 13, 2026 places the analyst target debate against a 52-week range of KRW 783,000 to KRW 1.655 million. For investors, the central issue is whether second-quarter growth of 47.20 percent in revenue can be followed by the execution needed to support the revised earnings expectations.

Market context: Market report KOSPI.