Hanwha Systems stock: Daishin trims target to KRW 98,000

Published on 10/23/2026 at 01:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter forecasts point to KRW 1.11 trillion in revenue and KRW 710.0 billion in operating profit. Hanwha Systems stock has October 27 results ahead.

Valuation, forecasts and timing

Daishin Securities cut its target from KRW 103,000 to KRW 98,000 on October 19, 2026.
Third-quarter forecasts call for KRW 1.11 trillion in revenue and KRW 710.0 billion in operating profit.
Hanwha Systems is scheduled to report third-quarter results on October 27, 2026.

Hanwha Systems, KR7272210006, Illustration mit AI erstellt.

Hanwha Systems (ISIN KR7272210006) is heading toward a results test after Daishin Securities lowered its target to KRW 98,000 on October 19, 2026. The revision followed the planned sale of Philly Shipyard and kept the firm's Buy rating unchanged.

Target cut reflects shipyard sale

According to The Power News, Daishin reduced its target from KRW 103,000 to KRW 98,000, a 4.85 percent cut. The brokerage excluded the shipbuilding business from its valuation while expecting defense exports to support third-quarter earnings.

The same October 19 report projected third-quarter revenue of KRW 1.11 trillion, up 37.80 percent year over year, and operating profit of KRW 710.0 billion, up 223.00 percent. Those estimates were above the cited consensus figures of KRW 1.08 trillion in revenue and KRW 600.0 billion in operating profit.

What could drive operating profit?

The forecast centers on stronger progress in Cheongung-II multifunction radar projects for the United Arab Emirates and Saudi Arabia. Daishin estimated that the defense export share would rise from 22.90 percent in the second quarter to 36.60 percent in the third quarter, while third-quarter defense operating profit was projected at KRW 680.0 billion.

Results date sets the next test

Simply Wall St lists October 27, 2026 as Hanwha Systems' next reporting date. The date gives investors a near-term checkpoint for the revenue conversion of Middle Eastern defense programs and the accounting treatment of Philly Shipyard.

Space capacity adds a second growth track

Financial News reported on October 19, 2026 that the Jeju Hanwha Space Center is planned to support annual production capacity of 100 satellites. That expansion gives the company a second measurable growth track alongside radar exports, although execution and shipyard accounting remain important variables.

Market context and investor perspective

Hanwha Systems had a market capitalization of KRW 13.8 trillion as of October 22, 2026. The stock last stood at KRW 73,900 on the KRX on October 22, 2026 at 3:30 p.m. KST, leaving the October 19 target at KRW 98,000 above the latest quoted home-market level.