[Click e Stocks] "Hyundai Mipo Dockyard Target Price 100,000 Won... Orders Twice the Sales"

[Asia Economy Reporter Park So-yeon] Korea Investment & Securities announced on the 23rd that it maintains a target price of 100,000 KRW and a buy rating for Hyundai Mipo Dockyard.

Hyundai Mipo Dockyard secured orders worth 3.6 billion USD in June, exceeding its target of 3.5 billion USD. This was earlier than the large companies' August target overachievement. However, by October, Hyundai Mipo Dockyard's orders totaled 4.2 billion USD, achieving 123% of its target, which lagged behind the 134% achievement rate of the four major companies. Autumn orders were somewhat lower compared to the first half of the year.

Nevertheless, large-scale orders have resumed in November. With major orders including 6 MR vessels and 10 icebreaking container ships, approximately 5.1 billion USD in orders have been secured. This amount is about twice the annual sales revenue. Both the ordered MR and container ships feature eco-friendly specifications, and the newbuilding prices are favorable.