Kiwoom cuts target to KRW 34,000 for Samsung Heavy stock

Published on 10/19/2026 at 03:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue is forecast at KRW 3.16 trillion, profit KRW 341.3 billion. Samsung Heavy stock orders reach USD 8.00 billion versus USD 5.70 billion.

Reporting calendar and contracts

Aju Daily reported a target cut to KRW 34,000 on October 19, 2026.
Samsung Heavy secured KRW 672.2 billion for two LNG carriers on October 2, 2026.
Third-quarter results are scheduled for October 22, 2026.

Samsung Heavy, KR7010140002, Illustration mit AI erstellt.

Samsung Heavy stock (ISIN KR7010140002) drew a lower target on October 19, 2026, after Aju Daily reported that Kiwoom Securities cut its target from KRW 42,000 to KRW 34,000. The target reduction is 19.05 percent, calculated from the two published levels.

Target cut raises the bar

The analyst case still assumes better profitability and order execution. Aju Daily said third-quarter revenue was forecast at KRW 3.1601 trillion, up 19.90 percent year over year, while operating profit was projected at KRW 341.3 billion, up 43.40 percent.

The same report put the expected third-quarter operating margin at 10.80 percent, up 0.70 percentage points from the prior quarter. Kiwoom Securities kept its Buy rating but reduced its valuation multiple from 20 times to 15 times because of stronger Chinese shipbuilding competition.

Three dated milestones

On June 30, 2026, Samsung Heavy reported second-quarter net income of KRW 224.33 billion, compared with KRW 101.58 billion in the first quarter, according to TradingView. On October 2, 2026, the company won a KRW 672.2 billion order for two LNG carriers, as Seoul Economic Daily reported. On October 19, 2026, Kiwoom Securities cut its target to KRW 34,000, according to Aju Daily.

What does KRW 34,000 imply?

The target remains 89.60 percent above the KRW 17,930.00 price quoted on the Korea Exchange at 10:21 a.m. KST on October 19, 2026. That gap reflects the scale of the analyst valuation reset as much as the potential earnings improvement.

Orders point to a fuller calendar

The October 2 LNG contract lifted Samsung Heavy's 2026 commercial vessel orders to USD 8.00 billion, or 140.35 percent of its USD 5.70 billion annual target, according to Yonhap News Agency. The order book included 20 LNG carriers and 46 commercial vessels, with delivery of the latest two carriers scheduled by May 2029.

Reporting date comes next

The next reporting date is October 22, 2026, for third-quarter results, according to TradingView. For investors, the key test is whether the projected KRW 341.3 billion operating profit and 10.80 percent margin can support the revised target framework.

Stock trades on the Korea Exchange

Samsung Heavy Industries was quoted at KRW 17,930.00 on the Korea Exchange at 10:21 a.m. KST on October 19, 2026. The market capitalization was KRW 15.7 trillion, and the 52-week range was KRW 17,210.00 to KRW 35,350.00 as of October 19, 2026.