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

<ul><li>For 3Q25, we expect Samsung E&amp;A to post consolidated revenue of W2.28tr (-1.4% YoY) and operating profit of W168.8bn (-17.2% YoY), with the latter being broadly in line with the consensus (W165.3bn).</li><li>In the hydrocarbon segment, we estimate revenue improved markedly YoY due to steady progress on large overseas projects, particularly the Saudi Fadhili plant.</li><li>Meanwhile, the non-hydrocarbon segment likely remained weak due to a lull in orders from group affiliates. </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 Samsung E&amp;A to post consolidated revenue of W2.28tr (-1.4% YoY) and operating profit of W168.8bn (-17.2% YoY), with the latter being broadly in line with the consensus (W165.3bn).In the hydrocarbon segment, we estimate revenue improved markedly YoY due to steady progress on large overseas projects, particularly the Saudi Fadhili plant.Meanwhile, the non-hydrocarbon segment likely remained weak due to a lull in orders from group affiliates. 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.

Samsung E&A (028050 KS/Buy)In-Line Results Likely