Corporate Logo(source: taihan.com)
Eugene Investment & Securities on August 26 initiated coverage of Taihan Cable & Solution (001440) with a “Buy” rating and a target price of 19,300 won, citing growth prospects following the completion of its first submarine cable plant. The firm emphasized that securing global orders will be the key driver for a revaluation of the company’s enterprise value.
Analyst Lee Yoo-jin at Eugene Investment noted, “With the completion of the first submarine cable plant, the company has secured annual production capacity of approximately 250 billion won. Once the second plant, scheduled for completion in the first half of 2027, is operational, an additional 1.2 trillion won in capacity will be added, bringing the total to around 2.2 trillion won.”
On the order outlook, Lee said, “The company is currently securing turnkey projects focused on underground cables in markets such as the United States, Singapore, and Qatar. While overseas submarine cable orders remain limited compared with competitors, successfully winning global contracts in the future could significantly enhance operating leverage.”
He added, “To establish a foothold in the global submarine cable market, the company is preparing through the acquisition of CLV and a submarine cable construction firm, while also building references in Korea through projects in Anma and Yeonggwang. Securing global orders in submarine cable exports and construction will be critical for reassessing the company’s valuation.”
*[KOSPI] Taihan Cable & Solution(001440) is a comprehensive cable company that produces and sells products such as high-voltage cables, materials, telecommunication cables, and conducts various cable-related construction projects. The market capitalization is 2.981 trillion won (as of August 26, 2025, closing price).
Corporate Logo(source: taihan.com)
Eugene Investment & Securities on August 26 initiated coverage of Taihan Cable & Solution (001440) with a “Buy” rating and a target price of 19,300 won, citing growth prospects following the completion of its first submarine cable plant. The firm emphasized that securing global orders will be the key driver for a revaluation of the company’s enterprise value.
Analyst Lee Yoo-jin at Eugene Investment noted, “With the completion of the first submarine cable plant, the company has secured annual production capacity of approximately 250 billion won. Once the second plant, scheduled for completion in the first half of 2027, is operational, an additional 1.2 trillion won in capacity will be added, bringing the total to around 2.2 trillion won.”
On the order outlook, Lee said, “The company is currently securing turnkey projects focused on underground cables in markets such as the United States, Singapore, and Qatar. While overseas submarine cable orders remain limited compared with competitors, successfully winning global contracts in the future could significantly enhance operating leverage.”
He added, “To establish a foothold in the global submarine cable market, the company is preparing through the acquisition of CLV and a submarine cable construction firm, while also building references in Korea through projects in Anma and Yeonggwang. Securing global orders in submarine cable exports and construction will be critical for reassessing the company’s valuation.”
*[KOSPI] Taihan Cable & Solution(001440) is a comprehensive cable company that produces and sells products such as high-voltage cables, materials, telecommunication cables, and conducts various cable-related construction projects. The market capitalization is 2.981 trillion won (as of August 26, 2025, closing price).