# Hana Securities Cuts Doosan Enerbility Target Price

> Hana Securities lowers Doosan Enerbility target price by 27.3% to ₩120,000.
- Title: Hana Securities Cuts Doosan Enerbility Target Price | Shortify
- Summary: Hana Securities lowers Doosan Enerbility target price by 27.3% to ₩120,000. Hana Securities reduced Doosan Enerbility's target price from ₩165,000 to…
- Keywords: hana securities, doosan enerbility, target price, south korea, nuclear power, ap1000, 12th basic plan, finance, markets, Hana, Securities, Cuts
- Source: BigGo Finance — https://finance.biggo.com/news/571c1e9d-216d-4712-95d6-407193de9f59
- Author: BigGo Finance
- Published: 2026-10-16T00:25:17+00:00
- Read time: 1 min
- Topics: hana securities, doosan enerbility, target price, south korea, nuclear power, ap1000, 12th basic plan, finance, markets
## Hana Securities Downgrades Doosan Enerbility
Hana Securities lowered its target price for South Korea's Doosan Enerbility by 27.3% from ₩165,000 to ₩120,000.
## Third-Quarter Profit Short of Forecast
Third-quarter operating profit estimated at ₩194.1 billion, 41.6% year-over-year increase but 21.9% below market consensus.
## Valuation Multiple Adjusted Down
Hana Securities reduced valuation multiple from 50x to 35x while keeping net operating profit after tax unchanged.
## Analyst Yoo Jae-sun Explains
Yoo Jae-sun said earnings forecast falling short was due to previously elevated market expectations.

> due to previously elevated market expectations, and the company-wide profit growth trend can still be maintained
## Subsidiary Earnings Divergence
Construction equipment division continues profit growth while fuel cells face profit contraction due to rising costs.
## Overseas Nuclear Orders Expansion
Hana Securities identified overseas nuclear power market expansion as key medium-to-long-term growth driver.

> Team Korea's North American pipeline is expanding through investment negotiations with the United States
## Earnings Trajectory for 2028
Consolidated operating profit expected to rise to ₩1.4416 trillion by 2028, 1.1 billion USD.
## Key takeaway

Hana Securities reduced Doosan Enerbility's target price from ₩165,000 to ₩120,000 due to lower profit growth than market expectations.