Doosan Enerbility appoints COO while Hana keeps Doosan Enerbility stock Buy

Published on 10/20/2026 at 03:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half orders reached KRW 7.12 trillion. Hana cut Doosan Enerbility stock target from KRW 165,000 to KRW 120,000 on October 16.

Orders, earnings and management

Song Yong-jin became chief operating officer on October 16, 2026.
First-half sales reached KRW 8.99 trillion and operating profit was KRW 547.80 billion.
Hana Securities cut its target from KRW 165,000 to KRW 120,000 on October 16, 2026.

Doosan Enerbility, KR7034020008, Illustration mit AI erstellt.

Doosan Enerbility (ISIN KR7034020008) appointed Song Yong-jin as chief operating officer on October 16, 2026, while first-half new orders reached KRW 7.12 trillion. According to Top Daily, the appointment separates financial oversight from operating responsibilities as the company expands its nuclear and gas-turbine businesses.

Management changes meet growth

Song previously led strategy and innovation and the wind-power business, according to Top Daily. The report said Doosan Enerbility had recorded first-half sales of KRW 8.99 trillion, up 8.00 percent year over year, while operating profit rose 32.40 percent to KRW 547.80 billion. Its operating margin improved to 6.10 percent from 5.00 percent.

The order book gives the management change a measurable operating backdrop. First-half new orders totaled KRW 7.12 trillion against a full-year target of KRW 13.30 trillion, and the backlog stood at KRW 26.35 trillion at the end of June, Top Daily reported.

What does Hana expect next?

Hana Securities maintained its Buy rating on October 16, 2026, but cut its target from KRW 165,000 to KRW 120,000, a 27.30 percent reduction, according to Aju Press. The firm projected third-quarter revenue of KRW 4.26 trillion, up 9.80 percent year over year, and operating profit of KRW 194.10 billion, up 41.60 percent, while warning that earnings could fall below market expectations.

Three dated milestones

On September 1, 2026, Doosan Enerbility secured a KRW 666.00 billion power-plant order, according to MarketScreener. On October 6, 2026, it completed delivery of a 380 MW gas turbine for SpaceXAI, and on October 16, 2026, Hana Securities reduced its target to KRW 120,000, with both events covered by MarketScreener.

Cash conversion is the test

The growth case therefore rests on converting large orders into profit and cash. Doosan Enerbility reported operating cash flow of minus KRW 886.70 billion in the first half, according to Top Daily. That contrast between KRW 547.80 billion of operating profit and negative operating cash flow makes execution and working-capital control central to the new management structure.