KT&G stock: Yuanta raises target to KRW 280,000 for KT&G stock

Published on 10/24/2026 at 01:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

KT&G lifted its target to KRW 280,000 on October 21, 2026. KT&G stock faces a KRW 250,000 target and October 29 results.

Target and earnings timeline

Yuanta Securities lifted its KT&G target to KRW 280,000 on October 21, 2026.
Third-quarter revenue was forecast at KRW 1.9267 trillion, with operating profit at KRW 507.6 billion.
KT&G's next reporting date is October 29, 2026.

KT&G, KR7033780008, Illustration mit AI erstellt.

KT&G (KR7033780008) saw Yuanta Securities raise its target from KRW 250,000 to KRW 280,000 on October 21, 2026, citing overseas cigarette growth and lower local production costs, according to Yonhap News Agency. The report projected third-quarter operating profit of KRW 507.6 billion and an operating margin of 26.3 percent.

Overseas growth drives forecasts

The latest estimates center on KT&G's international tobacco business. Yuanta Securities forecast third-quarter revenue of KRW 1.9267 trillion, up 5.5 percent from the prior year, while operating profit was seen rising 9.1 percent. The projected 26.3 percent margin would be the highest for a quarter, according to Yonhap News Agency.

Three dated steps for KT&G

On September 22, 2026, KT&G announced a KRW 360.0 billion share buyback and cancellation program. On October 7, 2026, the company said a new Indonesian factory had begun operations, completing what it described as a global five-part production system. On October 21, 2026, Yuanta Securities raised its target to KRW 280,000. The company site lists the buyback and factory developments among its 2026 updates at KT&G.

What does the forecast mean?

The earnings case depends on volume growth, local manufacturing and shareholder returns. DS Investment & Securities forecast third-quarter revenue of KRW 1.9000 trillion and operating profit of KRW 522.9 billion, above its KRW 506.3 billion market expectation, while keeping a KRW 250,000 target, as MoneyToday reported on October 23, 2026. The same report said overseas production could rise from 50 percent of overseas cigarette volume in 2026 to 60 percent in 2028.

Next report arrives October 29

KT&G's next earnings report is scheduled for October 29, 2026, according to TradingView. That date will test whether overseas sales and factory expansion are translating into the projected margin gains.

Shareholder returns remain central

KT&G's investment story now combines operating growth with capital returns. The company site reports 2026 second-quarter results and a 2026 half-year report, while analyst forecasts point to a third-quarter operating profit range of KRW 507.6 billion to KRW 522.9 billion. The counterweight is currency exposure: a stronger Korean won could reduce the value of overseas earnings in the fourth quarter, according to Yonhap News Agency.