DS Investment & Securities raised its target price for Doosan to 2.75 million Korean won from 2.4 million Korean won on the 18th, citing sharply higher sales of copper-clad laminates (CCL), materials used in electronic circuit boards, supplied for optical transceivers. Doosan’s previous trading-day close was 1.413 million Korean won. Researcher Kim Soo-hyun said optical-transceiver CCL sales reached approximately 80 billion Korean won in the first half, more than ten times the year-earlier level, and forecast second-half sales of 220 billion Korean won, roughly three times the first-half figure. Demand is also supporting price increases as optical-module specifications advance from 400G to 800G and 1.6T, making ultra-low-loss grades essential. Kim estimated optical-module margins at around 20% and said the rising mix of optical modules could lift the electronic BG business’s average selling price by 15% to 20% from the previous year. Doosan announced a 968.4 billion Korean won investment decision the previous day, including 421 billion Korean won domestically and 547.4 billion Korean won for its Changsu subsidiary in China. The expansion is intended to address demand for AI accelerator network boards, optical modules and future application-specific integrated circuits (ASICs), specialized chips designed for particular computing tasks. Operations are scheduled for 2028 to 2029. Including two additional production lines announced earlier this year in Thailand, 35 new lines are expected to operate, with approximately 4.2 trillion Korean won in additional 2029 sales estimated at current unit prices. DS Investment said that would be 1.5 to 1.6 times this year’s estimated annual sales of 2.79 trillion Korean won and, given effectively full current utilization, would amount to an additional electronic BG business. The planned treasury-share retirement was also identified as a positive factor, with Kim describing Doosan as the most active Fair Trade Act holding company in shareholder returns and corporate-value enhancement.