The securities industry maintains a positive outlook on Samsung Heavy Industries. Despite short-term concerns that second-quarter earnings will fall short of market expectations, stable order inflows and expectations for expansion in offshore plants and new businesses are cited as mid- to long-term investment rationale.

On the 25th, KB Securities maintained its investment opinion of 'BUY' and a target price of 35,000 won for Samsung Heavy Industries. This represents an upside potential of approximately 42.3% compared to the previous day's closing price.

◆ Q2 Earnings: Strong Year-over-Year, but Below Market Expectations KB Securities forecasted Samsung Heavy Industries' second-quarter (consolidated) revenue at 3.2162 trillion won and operating profit at 361.2 billion won. While this represents a 19.9% increase in revenue and a 76.4% increase in operating profit compared to the same period last year, it is expected to fall slightly short of the market consensus.

◆ Order Competitiveness as the Key Variable The assessment is that order competitiveness is more important than earnings. Samsung Heavy Industries continues to secure stable orders in the liquefied natural gas (LNG)-related vessel and offshore plant sectors. In particular, the possibility of additional FLNG (Floating Liquefied Natural Gas) contracts was cited as a factor that could drive future increases in corporate value.

With global energy companies expanding their LNG development projects, the analysis suggests that if competitiveness in the FLNG market is rehighlighted, the mid- to long-term growth foundation could be further strengthened.

◆ FDC Business Draws Attention as New Growth Driver The Floating Data Center (FDC) business is also gaining attention as a new growth driver. As demand for AI data centers increases and offshore data centers are discussed as a solution to power infrastructure issues, whether the first order will be secured is expected to become a major event for the stock price going forward.

The market expects that the progress of future large-scale offshore plant contracts and new business orders will act as key variables determining Samsung Heavy Industries' performance and corporate value.

[※ This article is for investment reference only and does not recommend the purchase or sale of any specific stock or financial product. The final decision and responsibility for investments lie with the investor. This article was written with AI assistance.]