External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

Daewoo Engineering & Construction / Equity Bottom-Up

Daewoo Engineering & Construction (047040 KS)

<ul><li>For 3Q25, we expect Daewoo E&amp;C to report consolidated revenue of W2.05tr (-20% YoY) and operating profit of W101.5bn (+62.8% YoY), with the latter beating the market consensus (W81.6bn).</li><li>The revenue slowdown observed across key segments throughout the year likely persisted.</li><li>We estimate that housing cost ratio increased compared with 1H25 due to construction halts and higher safety costs stemming from on-site accidents. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

For 3Q25, we expect Daewoo E&amp;C to report consolidated revenue of W2.05tr (-20% YoY) and operating profit of W101.5bn (+62.8% YoY), with the latter beating the market consensus (W81.6bn).The revenue slowdown observed across key segments throughout the year likely persisted.We estimate that housing cost ratio increased compared with 1H25 due to construction halts and higher safety costs stemming from on-site accidents. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Daewoo E&C (047040 KS/Buy)Above-Consensus Results Likely; Strong Housing Presales