Daishin raises Doosan stock target to KRW 1.97 million

Published on 10/20/2026 at 01:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue is forecast at KRW 5.5119 trillion, up 23.0 percent year over year. Doosan stock was last at KRW 1,071,000 on the KRX.

Target and earnings outlook

Daishin raised its Doosan target to KRW 1.97 million on October 19, 2026.
Third-quarter revenue is forecast at KRW 5.5119 trillion, up 23.0 percent year over year.
Doosan had a market capitalization of KRW 16.0 trillion as of October 19, 2026.

Doosan, KR7000150003, Illustration mit AI erstellt.

Doosan (KR7000150003) is facing a higher valuation bar after Daishin Securities raised its target to KRW 1.97 million on October 19, 2026, from KRW 1.84 million. The forecast is tied to stronger electronics operations and a projected third-quarter earnings increase, according to CHOSUNBIZ.

Target moves with electronics growth

Daishin kept a Buy rating while lifting the target by 7.1 percent, citing a higher enterprise value-to-EBITDA multiple and growth in Doosan's electronics business. The analyst forecast third-quarter consolidated revenue of KRW 5.5119 trillion, up 23.0 percent from the same period a year earlier, and operating profit of KRW 499.8 billion, up 113.0 percent, as reported by MK.

The forecast operating margin is 9.1 percent. Electronics BG revenue is projected at KRW 698.3 billion, with operating profit of KRW 203.9 billion and a 29.2 percent margin. The comparison is important because the unit is expected to deliver both faster sales growth and a higher profit contribution than the consolidated group.

What drives the earnings estimate?

Higher volumes and a better product mix are the central drivers in the estimate, rather than higher selling prices. Daishin also expects optical module copper clad laminate sales to reach KRW 300.0 billion for the year as supply of 800G products expands.

Doosan's second-quarter results provide the latest reported baseline. Revenue reached KRW 5.59 trillion, up 4.5 percent year over year, while operating profit was KRW 488.0 billion and net income was KRW 536.0 billion, according to ATS View.

Dates that matter next

The acquisition of SK Siltron is scheduled for completion by the end of January 2027, with a 10 percent deposit already paid, according to CHOSUNBIZ. The transaction is expected to support Doosan's medium-term dividend resources.

Stock value and operating scale

Doosan was last at KRW 1,071,000 on the Korea Exchange on October 19, 2026, at 3:30 p.m. KST. Its market capitalization was KRW 16.0 trillion on that date, while the 52-week range was KRW 682,000 to KRW 2,489,000.

The company combines industrial machinery, construction equipment, power systems and electronic materials. For investors, the next test is whether electronics volume growth can convert the elevated revenue forecast into the projected 9.1 percent operating margin.