HD Korea Shipbuilding's 2H Earnings Likely to Improve -- Market Talk

Dow Jones
May 23, 2025

0446 GMT - HD Korea Shipbuilding & Offshore Engineering's 2H earnings are likely to improve on higher-end contract wins, Kiwoom Securities analyst Lee Han-gyeol writes in a note. Lee expects the South Korean shipbuilder to secure strong orders from clients for LNG carriers in 2H, thanks to the U.S. plan to resume LNG exports. He forecasts the company to meet its 2025 new-contract target of $16.2B without difficulty. South Korean shipyards are also enjoying a 5%-10% premium to global contract prices in the wake of new U.S. restrictions on Chinese shipbuilders, he adds. Kiwoom raises the stock's target by 20% to KRW347,000 and keeps a buy rating. Shares are 0.2% lower at KRW287,500. (kwanwoo.jun@wsj.com)

 

(END) Dow Jones Newswires

May 23, 2025 00:46 ET (04:46 GMT)

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