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[Alpha Biz= Paul Lee] Hanwha Investment & Securities raised its target price for Doosan Bobcat to 64,000 KRW on the 5th while maintaining its "Buy" rating.
The firm stated, "We derived this target by applying a 25% discount to the 12-month forward PER (Price-to-Earnings Ratio) of the top five global peer companies, arriving at a multiple of 10.5 times the 12-month forward EPS (Earnings Per Share)."
Regarding the industry outlook, Hanwha Investment & Securities commented, "Doosan Bobcat is the machinery company best positioned to benefit from the rebound in the North American market and reshoring (corporate tax reductions, etc.)."
In terms of revenue structure, the firm noted, "Motrol has been recognized as part of the consolidated financials since Q4. While Bobcat currently accounts for approximately 5-10% of total sales, we expect this share to reach 30% by 2030."
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
