0021 GMT - HD Hyundai Mipo's operating profit margin is expected to improve on strong demand for lucrative liquefied natural gas bunkering vessels, Daiwa Capital analysts Mike Oh and Daeho Son write in a note. They expect LNG bunkering vessels to drive the South Korean shipbuilder's OPM expansion over the next few years. The company's estimated OPM is projected to come in at 6.8%-11.6% for 2025-2027, compared with 5.8% in 1Q of 2025, they say. Management expect the share of LPG vessels to the company's backlog of orders to rise to 25% in 4Q from 14.7% in 1Q this year, they add. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
May 26, 2025 20:21 ET (00:21 GMT)
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