Daesung Industrial대성산업

Daesung Industrial is a low-margin fuel and energy group with heavy debt, a net loss over the last twelve months, and a recent rights offering decision.

On trailing twelve-month figures to H1 2026, revenue was about ₩1.56T with an operating profit of ₩21.8B (1.4% margin) but a net loss of ₩48.0B. Borrowings of ₩740.3B against cash of ₩144.9B leave liabilities at 170% of equity. At ₩4,260, the shares trade at 0.3 times book value, far below the 52-week high of ₩13,140.

What stands out

• Net income has been negative in four of the last five years on the filed figures, with 2024 the exception at ₩6.5B.
• Operating margins are thin, between 0.7% and 2.6% across 2021 to 2025, so small changes in fuel or energy margins move results a lot.
• Recent filings include an acquisition of shares in another company and a rights offering (paid-in capital increase) decision, both dated 7 October 2026. The filings in the data do not give the size or terms.
• Foreign ownership fell from 2.6% to 1.6% over the last 60 days, while retail investors were net buyers over the last 20 days.
• The data shows a 2.8% dividend yield, but no price target or analyst rating, and no news headlines were available.

What to watch

• The rights offering and share acquisition: the terms, size and funding are not in the data and should be checked in the original filings.
• The next quarterly or annual report, to see whether operating profit turns into net profit and whether debt falls from ₩740.3B.
• Balance sheet risk: borrowings are large relative to cash and equity, and the data does not show how they are being refinanced.