Hana Securities has expressed optimism on Dongkuk Steel, stating that negative factors are improving and expecting better performance in the second half of the year. The target stock price is set at 15,000 won, with a ‘buy’ recommendation. The Ministry of Strategy and Finance’s decision to impose provisional anti-dumping duties on Chinese steel plates is expected to lead to an improvement in Dongkuk Steel’s performance. The decrease in the import of Chinese steel plates will further expand due to the application of provisional anti-dumping duties, and it is expected that Dongkuk Steel will benefit from this backlash. The USD/KRW exchange rate may continue to fall until the end of the year, which will positively affect the improvement of Dongkuk Steel’s profitability.
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Auto-posted at: 2025-05-30 09:01:24