KB Securities analyzed on the 27th that Hyundai E&C would be a standard for global nuclear power execution. The target stock price was raised from the previous 62,000 won to 74,000 won, maintaining the investment opinion as 'buy.'
Jang Moon-jun, a researcher at KB Securities, noted, 'The revival of nuclear power was recognized in the global stock market only last week,' and that 'with the global nuclear cycle returning, the corporations that will set the standard for execution have a price-to-book ratio (PBR) of only 0.75 based on 12-month forward criteria.'
KB Securities analyzed that Korea will gain attention amid the disruption of the nuclear industry supply chain during a long hiatus. Researcher Jang stated, 'Korea has numerous cases of nuclear power construction and operation and maintains the supply chain,' adding that 'it is also a low-burden partner for geopolitical reasons.'
Additionally, Jang mentioned, 'Hyundai E&C is diversifying its order products and markets through long-term partnerships with global companies beyond the state-led order-taking methods based on its completion experience in nuclear power.' He added, 'Results are expected to be confirmed this second half from the small modular reactor (SMR) partnership in the U.S. with Holtec and from the partnership with Westinghouse, a large nuclear power plant in the U.S., by the end of the year.'