Dayu Construction's stock price soars 8% due to expected overseas nuclear power orders

Daewoo Engineering surged over 8% in the stock market on the 24th, attracting market attention. Analysts believe this is due to increased market expectations for new orders.

On that day, Daewoo Engineering’s stock price reached a intraday high of 8,450 KRW, a 52-week high, and closed at 8,110 KRW, up 8.13% from the previous trading day. This positive reaction was driven by investor optimism about the company’s progress in securing overseas nuclear power plant orders. Specifically, expectations that it will obtain new orders in Czech Dukovany and Temelín nuclear plants, as well as in Vietnam and the US markets, contributed to the stock price increase.

Samsung Securities analyst Heo Joon-kyun stated that Daewoo Engineering is expected to achieve its largest order performance in history this year and has raised its target stock price to 9,200 KRW. Based on this positive outlook, the stock price is likely to continue its current upward trend.

Meanwhile, KB Securities analysts believe that Daewoo Engineering’s large-scale loss provisions were completed in the fourth quarter of last year, reducing performance uncertainty. As nuclear-related projects gain attention, they have upgraded their investment recommendation from “Neutral” to “Buy.” This seems to be positively influenced by its extensive experience in overseas large-scale nuclear construction.

However, some viewpoints suggest that while Daewoo Engineering positions itself as a nuclear power concept stock, a realistic analysis of its actual business opportunities is necessary. Market attention is focused on how Daewoo Engineering will overcome these challenges in the future. Continuing to secure orders and maintaining financial stability are expected to be key factors.