HD Hyundai Heavy Could Gain From U.S. LNG Carrier Demand Recovery -- Market Talk
Dow Jones
Aug 01, 2025
0158 GMT - HD Hyundai Heavy Industries could gain from a recovery in U.S. demand for liquefied natural gas carriers likely in late 2H of 2025 or early 1H of 2026, Daiwa Capital analysts Mike Oh and Daeho Son say. Final investment decisions on U.S. LNG projects are likely to proceed without major disruptions, the analysts write in a note. They raise their EPS forecasts for the South Korean shipbuilder by 29% each for 2025 and 2026 to reflect its backlog order mix that is improving at a faster-than-expected pace. The company's new contract wins so far this year have come in at $5.5 billion, about 70% of its $7.7 billion annual target, they note. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
July 31, 2025 21:58 ET (01:58 GMT)
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