[Infostock Daily= Reporter An Hoe Hyun] IBK Securities expected to increase Samsung C&T's equity value in its affiliates and expand its shareholder return on the 2nd, and raised its target stock price to 180,000 won from the previous 160,000 won and maintained its investment opinion 'Buy'.
"The business environment is expected to improve gradually in 2021, and the management stance is expected to focus on profitability," the company analyzed, adding, "However, it is undeniable that the improvement of the new coronavirus infection(COVID-19) is the key to restoring profitability."
"Nevertheless, we expect profits to increase this year because we expect bio earnings to increase just like last year," the company explained.
"The special dividend that Samsung Electronics allocates half of the cash flow generated over the past three years is higher than the one-year dividend received from Samsung Electronics," the company said and predicted, "Samsung C&T's dividends, which will be included in this year's dividend fund and will be paid early next year, will be added in addition to normal dividends under Samsung Electronics' newly announced dividend policy."
"By advancing governance, it has integrated and reorganized the CSR committee into a governance committee to enhance shareholder value and implement corporate social responsibility, and ESG activities, which are already at a fairly high level, will be further strengthened," the company expected.
Reporter An Hoe Hyun ahh@infostock.co.kr
