Hyundai Mipo to win more orders
Hyundai Mipo Dockyard will receive increasing orders, said eBEST Investment and Securities on Nov. 7 maintaining a “buy” recommendation and 130,000 won (US$115.80) target price.
From the Equity Insider archive. This article dates from Nov 7, 2018 and is preserved as first published.
Hyundai Mipo Dockyard will receive increasing orders, said eBEST Investment and Securities on Nov. 7 maintaining a “buy” recommendation and 130,000 won (US$115.80) target price.
Hyundai Mipo Dockyard will receive increasing orders, said eBEST Investment and Securities on Nov.
It has won orders for 25 vessels in the third quarter alone, totaling 60 vessels worth US$2 billion this year. Demand for small- and medium-sized ships will grow sharply increasing its order amount. It is likely to win orders worth US$1 billion in the fourth quarter, for a variety of ships including crude oil product carriers and containers, said analyst Yang Hyeong-mo.
Its new orders next year are likely to surpass US$5 billion, and the backlog orders will rise to US$4.8 billion this year and US$5.8 billion next, forecast Yang.
