As of 10:30 AM on the 24th, Samsung Heavy Industries is trading at 6,990 KRW, up 0.87% from the previous day. The trading volume is 36,847,441 shares, which is about 22.64% of the previous day's volume. Samsung Heavy Industries is known as a shipbuilding and offshore plant construction company.
On November 24, Choi Jin-myung, a researcher at NH Investment & Securities, stated, "It is judged that the worst order drought has been overcome starting from the 4th quarter. The order volume disclosed in the 4th quarter alone amounts to approximately 2.9 billion USD, so performance is expected to be comparable to the same period last year. Since most of the orders are estimated to be related to LNG carriers, this is evaluated as a positive outcome for future profitability improvement. Among Korea's Big-3 shipbuilders, Samsung Heavy Industries is the only one whose deficit has not been resolved, and issues regarding five undelivered drilling rigs have not been settled. Recently, the Mad-Dog2 project delivery has also been delayed." He set the target price for Samsung Heavy Industries at 7,000 KRW.
Over the past five days, individual investors have net purchased 7,469,163 shares of Samsung Heavy Industries, while foreigners and institutions have net sold 1,864,020 shares and 5,098,688 shares, respectively.
※ Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an automatic article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
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