Corporate Logo(source: posco-inc.com)
On April 25, Mirae Asset Securities raised its target price for POSCO International (047050) from 55,000 KRW to 59,000 KRW, maintaining its "Buy" rating, citing positive expectations surrounding the company’s North American liquefied natural gas (LNG) projects.
In a report released the same day, analyst Ryu Jae-hyun noted, “While expectations have risen around POSCO International’s potential participation in Alaska’s LNG development project under U.S. President Donald Trump’s resource development push, the real focus should be on the company’s ongoing North American operations.”
Last year, POSCO International secured an import contract for 1.1 million tons of North American LNG on an annual basis.
Ryu explained, “With the growing necessity to import gas from North America as a means of alleviating trade tensions, optimism surrounding the project may gain traction. The North American gas fields are expected to become a key driver of future earnings growth.”
Regarding tariff-related concerns, he added, “Although initially considered a negative factor, the nearly 40% rise in U.S. steel prices has eased some of that burden.”
He concluded, “Given the outlook for increased LNG investment, the current share price remains at an attractive level for additional accumulation.”
*[KOSPI]POSCO Holdings(005490) is a holding company that establishes the overall growth strategy of the group. It is composed of six business sectors: steel, eco-friendly infrastructure(trade sector), eco-friendly infrastructure(construction sector), eco-friendly infrastructure(logistics, etc.), eco-friendly future materials sector and other sectors. The market capitalization is 20.8 trillion won(as of April 24, 2025, closing price).
Corporate Logo(source: posco-inc.com)
On April 25, Mirae Asset Securities raised its target price for POSCO International (047050) from 55,000 KRW to 59,000 KRW, maintaining its "Buy" rating, citing positive expectations surrounding the company’s North American liquefied natural gas (LNG) projects.
In a report released the same day, analyst Ryu Jae-hyun noted, “While expectations have risen around POSCO International’s potential participation in Alaska’s LNG development project under U.S. President Donald Trump’s resource development push, the real focus should be on the company’s ongoing North American operations.”
Last year, POSCO International secured an import contract for 1.1 million tons of North American LNG on an annual basis.
Ryu explained, “With the growing necessity to import gas from North America as a means of alleviating trade tensions, optimism surrounding the project may gain traction. The North American gas fields are expected to become a key driver of future earnings growth.”
Regarding tariff-related concerns, he added, “Although initially considered a negative factor, the nearly 40% rise in U.S. steel prices has eased some of that burden.”
He concluded, “Given the outlook for increased LNG investment, the current share price remains at an attractive level for additional accumulation.”
*[KOSPI]POSCO Holdings(005490) is a holding company that establishes the overall growth strategy of the group. It is composed of six business sectors: steel, eco-friendly infrastructure(trade sector), eco-friendly infrastructure(construction sector), eco-friendly infrastructure(logistics, etc.), eco-friendly future materials sector and other sectors. The market capitalization is 20.8 trillion won(as of April 24, 2025, closing price).