0612 GMT - HD Hyundai Marine Engine's share price appears overvalued, CGS International's Yongmin Kim says, citing the surge in the stock price since end-2023. This overvaluation is mainly due to recent positive sector tailwinds from maintenance, repair, and overhaul of U.S. naval vessels, which likely have limited impact on the South Korean company, the analyst says in a note. The marine engine manufacturer's vessel engine order backlog of KRW690 billion as of 4Q also looks priced into the stock's current valuation. The brokerage reiterates the stock's reduce rating, but raises the target to KRW16,000 from KRW15,000 to reflect its higher 2025-2026 EPS forecasts. Shares are 5.3% lower at KRW27,550. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 20, 2025 02:12 ET (06:12 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。