South Korean Shipbuilding Stocks' Valuations Could Correct in 2H -- Market Talk

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0347 GMT - Elevated valuations of South Korean shipbuilding stocks could correct in 2H, Nomura's Eon Hwang says. Expectations for more defense contract wins and higher freight rates amid disruptions in the Suez Canal and Strait of Hormuz may support valuations in 1H, but falling new ship prices and easing Middle East tensions turn Nomura cautious on 2H, the analyst writes in a note. Nomura downgrades its ratings on HD Hyundai Heavy Industries to reduce from neutral, and slashes target price by 33% to 350,000 won. Its intermediate holding company HD Korea Shipbuilding & Offshore Engineering is also downgraded to neutral from buy, with its target price cut by 33% to 410,000 won. HD Hyundai Heavy is down 0.7% at 563,000 won, and HD Korea Shipbuilding is 1.6% lower at 407,000 won. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

March 19, 2026 23:47 ET (03:47 GMT)

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Expectations for more defense contract wins and higher freight rates amid disruptions in the Suez Canal and Strait of Hormuz may support valuations in 1H, but falling new ship prices and easing Middle East tensions turn Nomura cautious on 2H, the analyst writes in a note. Nomura downgrades its ratings on HD Hyundai Heavy Industries to reduce from neutral, and slashes target price by 33% to 350,000 won. Its intermediate holding company HD Korea Shipbuilding &amp; Offshore Engineering is also downgraded to neutral from buy, with its target price cut by 33% to 410,000 won. HD Hyundai Heavy is down 0.7% at 563,000 won, and HD Korea Shipbuilding is 1.6% lower at 407,000 won. (kwanwoo.jun@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 19, 2026 23:47 ET (03:47 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>South Korean Shipbuilding Stocks' Valuations Could Correct in 2H -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSouth Korean Shipbuilding Stocks' Valuations Could Correct in 2H -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2026-03-20 11:47</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0347 GMT - Elevated valuations of South Korean shipbuilding stocks could correct in 2H, Nomura's Eon Hwang says. Expectations for more defense contract wins and higher freight rates amid disruptions in the Suez Canal and Strait of Hormuz may support valuations in 1H, but falling new ship prices and easing Middle East tensions turn Nomura cautious on 2H, the analyst writes in a note. Nomura downgrades its ratings on HD Hyundai Heavy Industries to reduce from neutral, and slashes target price by 33% to 350,000 won. Its intermediate holding company HD Korea Shipbuilding &amp; Offshore Engineering is also downgraded to neutral from buy, with its target price cut by 33% to 410,000 won. HD Hyundai Heavy is down 0.7% at 563,000 won, and HD Korea Shipbuilding is 1.6% lower at 407,000 won. (kwanwoo.jun@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 19, 2026 23:47 ET (03:47 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2620201636","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620201636","pubTimestamp":1773978420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0347 GMT - Elevated valuations of South Korean shipbuilding stocks could correct in 2H, Nomura's Eon Hwang says. Expectations for more defense contract wins and higher freight rates amid disruptions in the Suez Canal and Strait of Hormuz may support valuations in 1H, but falling new ship prices and easing Middle East tensions turn Nomura cautious on 2H, the analyst writes in a note. Nomura downgrades its ratings on HD Hyundai Heavy Industries to reduce from neutral, and slashes target price by 33% to 350,000 won. Its intermediate holding company HD Korea Shipbuilding & Offshore Engineering is also downgraded to neutral from buy, with its target price cut by 33% to 410,000 won. HD Hyundai Heavy is down 0.7% at 563,000 won, and HD Korea Shipbuilding is 1.6% lower at 407,000 won. 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Expectations for more defense contract wins and higher freight rates amid disruptions in the Suez Canal and Strait of Hormuz may support valuations in 1H, but falling new ship prices and easing Middle East tensions turn Nomura cautious on 2H, the analyst writes in a note. Nomura downgrades its ratings on HD Hyundai Heavy Industries to reduce from neutral, and slashes target price by 33% to 350,000 won. Its intermediate holding company HD Korea Shipbuilding & Offshore Engineering is also downgraded to neutral from buy, with its target price cut by 33% to 410,000 won. HD Hyundai Heavy is down 0.7% at 563,000 won, and HD Korea Shipbuilding is 1.6% lower at 407,000 won. (kwanwoo.jun@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 19, 2026 23:47 ET (03:47 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}