Samsung C&T is showing strength in intraday trading on news of the expansion of its small modular reactor (SMR) business. With securities firms' optimistic forecasts for next year's earnings and shareholder returns added to the mix, attention is聚焦 on the stock's price movement.

During the morning session on the 23rd, Samsung C&T was trading at 369,500 won, up 3,000 won from the previous trading day.

■ European SMR Alliance Formed with GE Vernova and Hitachi

Samsung C&T's construction division announced on the 22nd (local time) that it signed a memorandum of understanding (MOU) with GE Vernova, Hitachi, and Synthos Green Energy (SGE) for the development of the BWRX-300 SMR market and the exploration of commercial opportunities at the Atlantic Council Nuclear Energy Policy Summit held in New York. The stage for this cooperation is Central and Eastern Europe and the United Kingdom.

The four companies plan to combine nuclear technology and industrial capabilities, global engineering, procurement, and construction (EPC) expertise, and European local business development capabilities to build a 'fleet' business model that repeatedly deploys standardized BWRX-300 units across multiple regions. The BWRX-300 is a 300MW-class SMR.

The division of roles is also clear. A joint venture between GE Vernova and Hitachi will supply the design and technology, while Samsung C&T will provide global EPC capabilities based on its experience in major nuclear and energy infrastructure projects. SGE will be responsible for business development in the European region.

The scale of the business is also notable. According to Samsung C&T's official announcement, SGE has secured decisions in principle for 26 BWRX-300 units in Poland, and is pursuing a fleet project totaling 14 units with a capacity of 4.2GW at three multi-reactor sites in the United Kingdom.

■ European Expansion Following Sweden

Samsung C&T had already expanded its BWRX-300 business in Sweden earlier this month. It is participating as a joint EPC partner with GVH in a 1.2GW new nuclear project pursued by Studsvik, pushing forward the construction of four BWRX-300 units.

■ SK Securities "Target Price Maintained at 550,000 Won"

The securities industry is also paying attention to core business performance and shareholder returns. SK Securities, in a report on the 23rd regarding Samsung C&T, forecast earnings improvement centered on high-tech businesses in 2026, citing benefits from expanded Samsung Electronics dividends and the possibility of DPS exceeding market expectations. It maintained a target price of 550,000 won.

Accordingly, Samsung C&T's stock price now shows a new variable added to expectations of construction earnings improvement centered on high-tech and dividend expansion: the global expansion of the SMR business. In particular, as the BWRX-300 business expands from Sweden to Central and Eastern Europe and the United Kingdom, the key question is how much it will translate into actual orders and EPC business going forward.

[SMR-related agreements may be subject to change in the process of leading to actual orders and revenue. Stock prices may fluctuate during trading hours, and this is not a recommendation to invest in any specific stock. The final judgment on investments and the responsibility thereof rests with the investor. This article was written based on official company announcements and public materials, with AI providing partial assistance in the writing process.]