NH cuts Cheil target to KRW 23,000 for Cheil Worldwide stock

Published on 10/20/2026 at 00:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NH keeps Buy on Cheil Worldwide stock as estimates fall 16 percent. A 12 percent share cancellation follows October 15, 2026.

Shareholder returns meet earnings pressure

NH Investment lowered its target to KRW 23,000 on October 6, 2026.
Cheil Worldwide's projected third-quarter operating profit is KRW 81.9 billion.
Cheil Worldwide is scheduled to report quarterly results on October 30, 2026.

Cheil, KR7030000004, Illustration mit AI erstellt.

Cheil Worldwide (ISIN KR7030000004) is heading into its next results date with a lower analyst target and a major shareholder-return plan. On October 6, 2026, NH Investment and Securities lowered its target from KRW 24,000 to KRW 23,000 while keeping a Buy recommendation, as Asia Business Daily reported.

Target cut meets return plan

The revision reflects a 16 percent reduction in NH's annual earnings estimates. The brokerage attributed the change to prolonged controls on marketing budgets at affiliated advertisers, while it expects a planned cancellation of 12 percent of treasury shares to offset part of the earnings pressure.

Cheil Worldwide also plans additional share repurchases and cancellations totaling KRW 40.0 billion by the end of 2026 and KRW 100.0 billion by the end of September 2027. The details were reported by EDAILY on October 6, 2026.

Three dated signals for Cheil

On August 14, 2026, Cheil Worldwide's second-quarter revenue was KRW 1.07 trillion and diluted earnings per share were KRW 626, according to Investing.com. On October 2, 2026, a filing showed Samsung Electronics held 25.24 percent of Cheil Worldwide's ordinary shares, while the October 6 target revision was the latest of the three signals.

What offsets the earnings pressure?

NH expects third-quarter consolidated gross profit to rise 1 percent year over year to KRW 460.4 billion, but operating profit to fall 15 percent to KRW 81.9 billion. The forecast points to a difficult near-term earnings setup even as the share cancellation reduces the number of outstanding shares.

Dates for the next catalyst

The next scheduled reporting date is October 30, 2026, according to Investing.com. The additional repurchase program has a second stated milestone at the end of September 2027, giving investors a longer-dated measure of management's capital-allocation plans.

KRX quote before the results

Cheil Worldwide closed at KRW 19,900 on the KRX on October 19, 2026 at 3:30 p.m. KST. Its 52-week range was KRW 17,100 to KRW 23,300, while market capitalization stood at KRW 2.0 trillion on the same date.