HD Hyundai Marine Engine's Share Price Appears Overvalued -- Market Talk

Dow Jones

Mar 20, 2025

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)

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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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 20, 2025 02:12 ET (06:12 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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>HD Hyundai Marine Engine's Share Price Appears Overvalued -- 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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nHD Hyundai Marine Engine's Share Price Appears Overvalued -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\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\">2025-03-20 14:12</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 20, 2025 02:12 ET (06:12 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4550","symbol_name":"红杉资本持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2520170203","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2520170203","pubTimestamp":1742451120,"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":"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. 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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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 20, 2025 02:12 ET (06:12 GMT)\n\n\n  Copyright (c) 2025 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"}}}