Meritz keeps KRW 2.40 million target for Doosan stock

Published on 10/14/2026 at 01:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Meritz kept a Buy rating and KRW 2.40 million target on September 30, 2026. Doosan stock was last at KRW 1,162,000.00 on October 13, 2026.

Target and earnings milestones

Meritz Securities maintained a Buy rating and a KRW 2,400,000 target on September 30, 2026.
Doosan reported Q2 2026 revenue of KRW 5.59 trillion, up 4.50 percent year over year.
Doosan's next quarterly results are scheduled for October 27, 2026.

Doosan, KR7000150003, Illustration mit AI erstellt.

Doosan (ISIN KR7000150003) had a KRW 2,400,000 target and Buy rating maintained by Meritz Securities on September 30, 2026, while its Electronic BG expansion story remained central to the investment case. The latest completed KRX session left Doosan at KRW 1,162,000.00 on October 13, 2026.

Meritz links expansion to 2028

According to Gate News on September 30, 2026, Meritz Securities maintained its Buy rating and KRW 2,400,000 target after Doosan Electronic BG announced a line-count capacity expansion tied to copper-clad laminate production. The report projected 2028 Electronic BG revenue of KRW 5.2858 trillion and operating profit of KRW 1.7496 trillion, representing year-over-year increases of 42.50 percent and 48.40 percent.

The same report projected third-quarter Electronic BG revenue of KRW 756.7 billion, up 72.00 percent year over year, with operating profit of KRW 226.3 billion, up 117.80 percent. For investors, the distinction matters: these are analyst forecasts for a business group, not consolidated Doosan results.

Q2 revenue reached KRW 5.59 trillion

ATS View reported that Doosan's second-quarter 2026 consolidated revenue was KRW 5.59 trillion, up 4.50 percent year over year. Operating profit reached KRW 488.00 billion, with an 8.70 percent operating margin, while net income was KRW 536.00 billion.

The comparison with the first quarter shows the earnings profile becoming more profitable: Q1 2026 revenue was KRW 5.06 trillion and operating profit was KRW 341.00 billion. The second-quarter operating margin therefore exceeded the first-quarter margin of 6.70 percent by 2.00 percentage points.

What dates matter next?

TickerLandia lists October 27, 2026 as Doosan's next quarterly-results date. The schedule gives the market a defined checkpoint for testing whether the Electronic BG forecasts and the broader second-quarter improvement are carrying into the third quarter.

KRX price remains the latest reference

Doosan was last at KRW 1,162,000.00 on the Korea Exchange on October 13, 2026 at 3:30 p.m. KST. Its market capitalization was KRW 20.8 trillion on that session, while the 52-week range was KRW 567,000.00 to KRW 2,489,000.00. The stock therefore stood KRW 1,327,000.00 below its 52-week high, a 53.31 percent gap calculated in Korean won.