0247 GMT - HD Hyundai Heavy Industries' shipbuilding division is likely to post solid earnings growth this year, driven by higher-margin contracts, Nomura's Eon Hwang says. Operating profit from the division could jump 92% to 2.9 trillion won in 2026, the analyst reckons. Hwang estimates that the average shipbuilding price per unit in the South Korean company's backlog could rise to $172.2 million in 1Q, $174.6 million in 2Q, $176.7 million in 3Q and $181.2 million in 4Q. He expects the company's shipbuilding division to secure $13.9 billion in new contracts in 2026, compared with guidance of $14.5 billion. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
February 09, 2026 21:47 ET (02:47 GMT)
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