U.S. Shipbuilding Market May Give Hanwha Ocean a Valuation Boost -- Market Talk
Dow Jones
Jun 12, 2025
0011 GMT - Hanwha Ocean could get a valuation boost of up to KRW15.6 trillion, equivalent to $11.39 billion, from its entry into the U.S. shipbuilding market, say Korea Investment & Securities analysts Kang Kyung-tae and Nam Chae-min. The analysts expect the South Korean shipbuilder's value could increase by KRW12.4 trillion after raising its stake in Austal to become the largest shareholder in the Australia-based U.S. military shipbuilder. Hanwha could also get an extra KRW3.2 trillion valuation boost from its recent acquisition of a U.S. shipyard in Philadelphia, they reckon. Hanwha is valued at an estimated KRW35 trillion in total, they add. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
June 11, 2025 20:11 ET (00:11 GMT)
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