[Special Stock] Hyundai Heavy Industries Rises 4% on Order Contract for 7 LNGCs

[Asia Economy Reporter Minji Lee] Hyundai Heavy Industries is showing an upward trend following the news of securing a contract for 7 LNGCs.

At 2:05 PM on the 10th, Hyundai Heavy Industries was trading at 140,500 KRW, up 4.85% from the previous trading day. The company's stock price surged to 142,000 KRW during the session.

On the same day, Hyundai Heavy Industries announced that it had signed a contract to build 7 LNG carriers with an Asia-based shipping company. The contract amount is 1.9628 trillion KRW, which corresponds to 23.62% of the 2021 sales revenue. The contract period is from August 9, 2022, to December 16, 2026.