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KRX:047040

23 stories mentioning KRX:047040Updated 2d ago

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Asia

Daewoo Engineering & Construction Wins KRW243.4 Billion Andong Apartment Project

Daewoo Engineering & Construction (KRX:047040) has landed a 243.4 billion won construction order contract for the Andong Taehwa District Apartment Housing Development Project.The contract amount represents 3.02% of the company's latest fiscal year consolidated sales of 8.055 trillion won, according to a bourse filing on Monday.The project involves building 11 apartment buildings with two basement levels and up to 20 above-ground floors, totalling 830 apartment units plus retail facilities in Andong, Gyeongsangbuk-do.The contract period is 36 months from the actual commencement of construction, with progress payments funded from available presale proceeds and a deposit or advance payment included.The effective contract date is Sept. 21, and the contract amount, period, and terms may be subject to change under the construction agreement.

KRX:047040
Asia

Daewoo Engineering & Construction Secures KRW291 Billion Residential Project

Daewoo Engineering & Construction (KRX:047040) secured a 290.9 billion won contract for the Sindaebang Station Area redevelopment project in Seoul, according to a Friday filing with the Korea Exchange.The project covers construction of 11 apartment buildings with seven basement levels, comprising 1,586 apartment units and retail facilities.The contract period is 49 months from the construction start date.

KRX:047040
Asia

Daewoo Engineering & Construction Secures KRW636 Billion Construction Contract in South Korea

Daewoo Engineering & Construction (KRX:047040) secured a 636.1 billion won construction contract with Jeonnong Urban Environment Improvement Project Association for the Jeonnong Urban Environment Improvement Project in Seoul, according to a Thursday filing with the Korea Exchange.The South Korean construction company said the project covers construction of four apartment buildings with eight basement levels and up to 49 floors above ground, comprising 1,104 apartment units.The contract represents 7.9% of the company's 2025 sales, and the payments for the project will be based on progress payments from presale proceeds.

KRX:047040
Asia

Daewoo Engineering & Construction Wins KRW413 Billion Project

Daewoo Engineering & Construction (KRX:047040) has secured a 413.4 billion won construction order for a housing redevelopment project in Seoul, according to a bourse filing on Wednesday.The contract covers 60% of the total 689 billion won project, which involves building 2,200 apartment units across 22 towers.The project, awarded by the Sanggye District 2 Housing Redevelopment Association, has a 42-month construction period.

KRX:047040
Asia

Daewoo Engineering & Construction Secures KRW372 Billion Public Redevelopment Project; Shares Fall 7%

Daewoo Engineering & Construction (KRX:047040) has secured a construction order worth 372.0 billion won for the Cheonho A1-1 District public redevelopment project, according to a Tuesday filing with the Korea Exchange.The contract with Korea Land & Housing Corp. became effective Monday and will run for 56 months.The project involves the construction of eight apartment buildings with 747 apartment units, as well as ancillary and retail facilities.Shares of the construction company fell more than 7% in recent trade.

KRX:047040
Asia

Daewoo E&C Wins Combined-Cycle Power Plant Contract from KEPCO Subsidiary

Daewoo Engineering & Construction (KRX:047040) secured an order from Korea Electric Power (KRX:015760) subsidiary Korea Western Power for the construction of a 550MW combined-cycle power plant, according to a Friday filing with the Korea Exchange.The contract amount of 209.7 billion won excludes value-added tax and reflects Daewoo Engineering & Construction's approximately 69.6% share of the total contract value.The contract, when signed on Feb. 27, 2024, did not meet the disclosure threshold but became subject to disclosure following an amendment, the filing said.Shares of Daewoo Engineering & Construction fell nearly 2%, while those of Korea Electric Power declined over 4% at market close.

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Asia

Market Chatter: Daewoo Engineering & Construction to launch Cheonan project in September

Daewoo Engineering & Construction (KRX:047040) will begin sales in September for its 1,438-unit Dujeong Station Prugio Grand Peak complex in Cheonan, the Korea Times reported on Wednesday, citing a company statement.The project, featuring 10 buildings rising up to 35 stories, offers a range of unit sizes from 59 to 114 sq meters to cater to diverse buyer profiles, the news portal said.Its proximity to Samsung Display and other major industrial complexes in the city is expected to drive strong take-up among manufacturing workers, the publication said.The September launch is likely to bolster Daewoo E&C's order book and provide near-term earnings visibility amid steady construction demand, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:047040
Asia

Daewoo Engineering & Construction Wins KRW312.7 Billion Apartment Construction Contract

Daewoo Engineering & Construction (KRX:047040) has secured a construction order for the Cheongju Songjeol District 2 urban development A1BL apartment project, according to a Wednesday filing with the Korea Exchange.The contract amounts to 312.7 billion won and will last for 34 months.The contract involves the construction of 10 apartment buildings, composed of 1,065 apartment units, ancillary and retail facilities.

KRX:047040
Asia

Daewoo E&C Named Preferred Bidder for KRW249 Billion Housing Project

Daewoo Engineering & Construction (KRX:047040) has been selected as the preferred bidder for the Goyang Changneung S-16BL public housing project, with a contract value of 249 billion won.The project entails constructing 22 residential buildings totaling 1,483 units, and the company received official notification on Aug. 7, according to a bourse filing on Friday.The final contract terms remain subject to change, and Daewoo will disclose definitive details upon signing the main agreement.

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Asia

Daewoo Engineering & Construction Secures KRW356 Billion Construction Contract in Seoul

Daewoo Engineering & Construction (KRX:047040) secured a 355.6 billion won construction contract for the Cheongpa District 1 Housing Redevelopment Project in Seoul, South Korea, according to a Thursday filing with the Korea Exchange.The contract covers the construction of seven apartment buildings with 646 units, and the buildings will have six basement levels and 25 above-ground floors.Construction will be completed within 49 months from the actual start date, with payments to be made from proceeds of the presales.

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Asia

Daewoo Engineering Receives Preferred Contractor Notice for Papua LNG Project

Daewoo Engineering & Construction (KRX:047040) said it received the notice of selection as preferred bidder from TotalEnergies for the central processing facility and well pads for the Papua LNG project in Papua New Guinea.The project covers independent engineering, procurement, construction, and commissioning of the CPF and wellpads, which will produce feed gas for the new Papua LNG liquefaction terminal, according to a Tuesday filing with the Korea Exchange.

KRX:047040$TTE.L
Asia

South Korean Shares Extend Selloff for Second Day, Kospi Plunge Nearly 6% on AI Spending Concerns

South Korean equities plummeted for a second straight session on Wednesday, driven by an accelerating selloff across major technology and semiconductor holdings over concerns regarding artificial intelligence investment returns.The Korea Composite Stock Price Index, or Kospi, decreased by 360.42 points, or 6%, to end at 5,663.24. The Kosdaq also declined by 43.17 points, or 6.1%, to close at 662.68.The market slide overshadowed positive economic indicators released Tuesday by the Ministry of Culture, Sports and Tourism. South Korea welcomed 1.99 million foreign tourists in June, rising 23.1% from a year ago, the Ministry of Culture, Sports and Tourism said Tuesday.The total number of foreign tourists reached 10.71 million in the first half of 2026, up 21.3% year over year, the government agency said.Foreign credit card spending hit 2.54 trillion won in June, bringing the total to more than 10 trillion won in the first half.In corporate news, Daewoo Engineering & Construction (KRX:047040) was removed as a contractor for the Gangnam Wonhyoseong villa housing redevelopment project, according to a Tuesday filing with the Korea Exchange.Shares of Daewoo Engineering & Construction fell nearly 11% at market close.

^KOSDAQKOSPIKRX:047040
Asia

Daewoo E&C Removed from KRW339 Billion Gangnam Redevelopment Project; Shares Plunge 11%

Daewoo Engineering & Construction (KRX:047040) has been removed as a contractor for the Gangnam Wonhyoseong villa housing redevelopment project, according to a Tuesday filing with the Korea Exchange.The contract was valued at 338.7 billion won. The company did not disclose a reason for the revocation of the contract. It intends to initiate legal proceedings, including filing a lawsuit, in connection with the revocation, the filing said.Shares of Daewoo Engineering & Construction fell nearly 11% in recent trade.

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Asia

Tech Sell-Off Drags South Korean Equities Down, Triggering Circuit Breakers

South Korean stocks plunged on Tuesday as a sharp sell-off in semiconductor heavyweights dragged the benchmark KOSPI down over 10%, triggering market-wide circuit breakers. Shares of major market movers Samsung Electronics (KRX:005930), SK Hynix (KRX:000660), and LG Energy Solution (KRX:373220) declined 13%, 15%, and 6%, respectively.The Korea Composite Stock Price Index, or Kospi, decreased by 732.09 points, or 10.8%, to end at 6,023.66. The Kosdaq also declined by 59.01 points, or 7.7%, to close at 705.85.In economic news, South Korea's consumer sentiment improved in July, with the Composite Consumer Sentiment Index rising 0.2 points to 106.8, according to data from the Bank of Korea on Tuesday.The reading compared with the 106.6 level recorded in the previous month. A reading above 100 indicates optimism, while a reading below suggests a deteriorating outlook.Inflation expectations for the upcoming 12 months fell 0.1 percentage point to 2.7%.In corporate news, Daewoo Engineering & Construction (KRX:047040) secured a contract worth 273 billion won from Korea Electric Power (KRX:015760) subsidiary Korea South-East Power for the design, procurement, and technical support for a heat and power plant.Under the contract, Daewoo Engineering & Construction will supply gas and steam turbine generators, heat recovery steam generators, and related equipment for the Songsan combined heat & power plant in Gyeonggi province's Hwaseong, according to a Tuesday filing with the Korea Exchange.The contract runs from July 27, 2026, to Nov. 30, 2029.Shares of Daewoo Engineering & Construction plunged 12% at market close, while those of Korea Electric Power fell 7%.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:015760KRX:047040KRX:373220
Asia

Daewoo E&C Wins KRW273 Billion CHP Equipment Contract from Korea South-East Power; Shares Decline 13%

Daewoo Engineering & Construction (KRX:047040) secured a contract worth 273 billion won from Korea Electric Power (KRX:015760) subsidiary Korea South-East Power for the design, procurement, and technical support for a heat and power plant.Under the contract, Daewoo Engineering & Construction will supply gas and steam turbine generators, heat recovery steam generators, and related equipment for the Songsan combined heat & power plant in Gyeonggi province's Hwaseong, according to a Tuesday filing with the Korea Exchange.The contract runs from July 27, 2026, to Nov. 30, 2029.Shares of Daewoo Engineering & Construction plunged 13% in recent trade, while those of Korea Electric Power fell over 6%.

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Asia

Daewoo Engineering Wins KRW 1.44 Trillion Seoul Redevelopment Contract

Daewoo Engineering & Construction (KRX:047040) has been selected as the main contractor for the Sangdo District 15 housing redevelopment project in Seoul, with a total contract value of approximately 1.437 trillion won.The project involves constructing 30 apartment buildings with up to 35 stories and 3,207 units, along with retail facilities, on a site in Dongjak-gu, according to a bourse filing on Monday.The contract amount represents about 17.8% of the company's consolidated revenue for fiscal year 2025.

KRX:047040
Asia

Daewoo E&C Wins KRW529.2 Billion Urban Housing Redevelopment Project

Daewoo Engineering & Construction (KRX:047040) secured the Shinimun station area long-term Jeonse housing urban redevelopment project from Daishin Asset Trust, according to a Thursday filing with the Korea Exchange.Under the project, valued at 529.2 billion won, the company will build seven apartment buildings with four basement levels and 40 above-ground floors, comprising 1,200 apartment units and ancillary facilities, the filing said.The contract value, duration, and other terms may be adjusted in accordance with the construction agreement.Shares of Daewoo Engineering & Construction fell nearly 7% at market close.

KRX:047040
Research

Mirae Asset Securities Upgrades Daewoo Engineering & Construction to Buy from Hold; Price Target is KKRW24,000

Daewoo Engineering & Construction (KRX:047040) has an average rating of overweight and mean price target of 31,437.50 won, according to analysts polled by FactSet.

KRX:047040
Research

Daol Securities Upgrades Daewoo Engineering & Construction to Buy From Hold; Price Target is KRW24,000

Daewoo Engineering & Construction (KRX:047040) has an average rating of overweight and mean price target of 33,562.50 won, according to analysts polled by FactSet.

KRX:047040
Asia

Daewoo Engineering Secures KRW387.6 Billion Construction Contract

Daewoo Engineering and Construction (KRX:047040) secured a 387.63 billion won contract from the Gyeonggi Housing & Urban Development Corp, according to a filing with the Korean bourse on Friday.Shares of the company rose nearly 2% in morning trade on Friday.The contract involves the construction of a mixed-use complex, including knowledge industry facilities, offices, and dormitories, consisting of 4 basement levels and 12 above-ground floors, the filing said.Construction of the project is expected to end on Oct. 31, 2031, according to the filing.

KRX:047040

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