As of 1:30 PM on the 25th, Daehan Shipping is trading at 3,140 KRW, down 1.41% from the previous day. The trading volume is 40,295,507 shares, which is 150.87% of the previous day's volume. Daehan Shipping is known as a major shipping company focused on bulk carriers.
On November 25, researchers Yang Ji-hwan and Lee Ji-soo from Daishin Securities forecasted, "The dry bulk shipping market in 2021 is expected to enter an improvement phase compared to 2020 due to supply-demand improvements from restrictions on newbuilding deliveries and increased cargo volume. However, the company's business structure is heavily based on long-term contracts, resulting in very limited exposure to market fluctuations, and the company's strategy focuses more on expanding the LNG sector rather than dry bulk shipping. Therefore, despite the improvement in the dry bulk market in 2021, performance improvement is expected to be limited." They set the target price for Daehan Shipping at 3,100 KRW.
Over the past five days, individual investors have net purchased 4,416,319 shares of Daehan Shipping, while foreign investors and institutions have net sold 32,148 shares and 3,558,919 shares, respectively.
※ Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an automated article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
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