[Special Stock] HD Hyundai Heavy Industries Returns to '10 Trillion Won Market Cap Club' After 3 Years

Performance Increase and High Order Intake
Already Achieved 80% of Annual Order Target
Participated in Liquefied Hydrogen Carrier Technology Development

HD Hyundai Heavy Industries recorded a 52-week high for four consecutive trading days. Its market capitalization also surpassed 10 trillion won. This is the first time in about three years since June 2021 that HD Hyundai Heavy Industries has exceeded a market cap of 10 trillion won. It appears to be continuously highlighted. Among the three major domestic shipbuilders, it is expected to see performance growth by achieving outstanding order volumes, and the shipbuilding and steel industries' joint research on liquefied hydrogen cargo tanks continues to generate positive expectations.

As of 11:08 AM, HD Hyundai Heavy Industries is trading at 144,200 won, up 4.04% (5,600 won) from the previous day. It has recorded an intraday 52-week high for four consecutive trading days. On the 14th, it hit an intraday high of 139,300 won, surpassing the previous record of 138,000 won set on May 16, and has been breaking its intraday high for four consecutive days. Its market capitalization currently stands at 10.2054 trillion won, entering the '10 trillion won market cap club.' Since June 8, 2021, when HD Hyundai Heavy Industries recorded an intraday high of 143,000 won, it had been out of the 10 trillion won market cap club.

HD Hyundai Heavy Industries is leading in commercial ship orders, achieving an order amount of 11.33 billion USD. It has already reached 80% of its annual order target of 13.5 billion USD. The combined total of the so-called 'Big 3' is 18.62 billion USD. Samsung Heavy Industries secured 3.8 billion USD, and Hanwha Ocean secured 3.39 billion USD in orders. KB Securities analyst Jeong Dong-ik said, "With new ship prices rising and favorable exchange rates maintained, major subsidiaries securing large orders, mid- to long-term performance improvement is expected to begin in earnest from this year," adding, "HD Hyundai Heavy Industries' Q2 sales are expected to slightly exceed consensus (market average forecast), and operating profit is expected to slightly fall short, but the difference is not significant, so the performance itself will not be an issue." He added, "Pre-tax profit is expected to significantly exceed consensus due to a one-time gain of about 140 billion won from the sale of HD Hyundai Heavy Industries shares."

Additionally, HD Hyundai Heavy Industries is participating in joint research on cargo tanks, a key equipment for liquefied hydrogen carriers. Recently, the three major shipbuilders, two steel companies, and the Korean Register have come together for this purpose. This agreement aims to strengthen technological competitiveness for the design and construction of liquefied hydrogen carriers. It is expected that Korea will be able to establish a technological foundation to lead the next-generation hydrogen carrier market.