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[EQUITIES] Samsung Heavy to win over US$4b orders this year: analyst
By 박한나Published : Sept. 29, 2016 - 10:59
[THE INVESTOR] Samsung Heavy Industries is expected to win the largest orders among other local shipbuilders this year, according to a securities firm on Sept. 29.
“Samsung Heavy Industries hasn’t secured any orders so far this year but there will be a turnaround from October,” said Kim Hong-kyun, an analyst at Dongbu Securities.
The shipyard is likely to bag orders worth over US$4.3 billion during the rest of the year, he said.
“The total size of orders will be the largest when compared to its global peers,” Kim added.
Dongbu Securities raised its price target on Samsung Heavy to 12,500 won from 10,300 won.
Shares in the company traded at 10.350 won as of 10:40 a.m., up 1.47 percent from the previous session’s close.
By Park Han-na (hnpark@heraldcorp.com)
“Samsung Heavy Industries hasn’t secured any orders so far this year but there will be a turnaround from October,” said Kim Hong-kyun, an analyst at Dongbu Securities.
The shipyard is likely to bag orders worth over US$4.3 billion during the rest of the year, he said.
“The total size of orders will be the largest when compared to its global peers,” Kim added.
Dongbu Securities raised its price target on Samsung Heavy to 12,500 won from 10,300 won.
Shares in the company traded at 10.350 won as of 10:40 a.m., up 1.47 percent from the previous session’s close.
By Park Han-na (hnpark@heraldcorp.com)
