SeAH Besteel signs BWXT MOU: target for SeAH Besteel stock stays KRW 62,000.00

Published on 10/19/2026 at 01:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hana Securities kept a KRW 62,000.00 target on October 14, 2026. SeAH Besteel stock last closed at KRW 35,350.00 on October 16, 2026.

Nuclear expansion meets operating recovery

SeAH Besteel signed an MOU with BWXT Canada on October 15, 2026, citing 325 supplied steam generators.
Second-quarter 2026 revenue reached KRW 1.14 trillion, an increase of 17.80 percent year over year.
SeAH Besteel stock last closed at KRW 35,350.00 on KRX on October 16, 2026 at 3:30 p.m. KST.

Seah Besteel, KR7001430008, Illustration mit AI erstellt.

SeAH Besteel (KR7001430008) signed a memorandum of understanding with BWXT Canada on October 15, 2026, while Hana Securities kept a KRW 62,000.00 target for SeAH Besteel stock on October 14, 2026. The agreement broadens the group's nuclear ambition from spent-fuel casks toward components for small modular reactors and large reactors, while the latest operating figures show a stronger second quarter.

Three moves since October 5

On October 5, 2026, PR Newswire reported that SeAH Besteel had moved special steel for robot reducers into mass production after an initial supply in February 2026. On October 12, 2026, Seoul Economic Daily reported that a Texas subsidiary plant built with an investment of USD 110.0 million is scheduled for commercial output in the first half of 2027. On October 15, 2026, Seoul Economic Daily reported the BWXT Canada MOU; BWXT has supplied more than 325 steam generators and major reactor components.

What supports the recovery case?

The operating base improved in the second quarter of 2026. ATS View reported revenue of KRW 1.14 trillion, up 17.80 percent year over year, with operating profit of KRW 59.8 billion and a 5.30 percent operating margin.

The next test is profitability in the third quarter. Newspim reported on October 14, 2026, that Hana Securities expected third-quarter revenue of KRW 1.0 trillion and operating profit of KRW 23.6 billion, below a KRW 39.8 billion consensus estimate. The same report said the house retained its KRW 62,000.00 target and expected recovery from the fourth quarter.

Stock stays tied to Korean steel demand

SeAH Besteel Holdings had a market capitalization of KRW 1.3 trillion on October 16, 2026. Its KRX share price stood within a 52-week range of KRW 24,900.00 to KRW 92,500.00, leaving nuclear components, robot materials and steel spreads as distinct drivers for the business.

SeAH Besteel stock last closed at KRW 35,350.00 on KRX on October 16, 2026 at 3:30 p.m. KST.