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

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>We maintain our Buy rating on SK Oceanplant and lift our target price to W25,000 (from W23,000).</li><li>We revised up our 12-month forward target P/E to 27.5x, applying a 10% premium to the peer group average (25x) to reflect the company’s relatively steady earnings.</li><li>While major wind power equipment suppliers are struggling with deteriorating profitability in the US and Europe, SK Oceanplant has a healthy order backlog and is seeing stable order intake in Korea, Taiwan, and other Asian markets; new orders in 1H25 totaled W600bn, and the order backlog stood at W900bn at end2Q25. </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>

We maintain our Buy rating on SK Oceanplant and lift our target price to W25,000 (from W23,000).We revised up our 12-month forward target P/E to 27.5x, applying a 10% premium to the peer group average (25x) to reflect the company’s relatively steady earnings.While major wind power equipment suppliers are struggling with deteriorating profitability in the US and Europe, SK Oceanplant has a healthy order backlog and is seeing stable order intake in Korea, Taiwan, and other Asian markets; new orders in 1H25 totaled W600bn, and the order backlog stood at W900bn at end2Q25. 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.

SK Oceanplant (100090 KS/Buy)Relatively Stable Order Flow