[Click eStock] "HD Hyundai Mipo, a shipbuilder you can confidently buy... Target price maintained"

Korea Investment & Securities evaluated HD Hyundai Mipo as a shipbuilding company that investors can confidently buy on the 24th. They maintained a 'Buy' investment rating and a target price of 144,000 KRW.

Researcher Kang Kyung-tae of Korea Investment & Securities forecasted that HD Hyundai Mipo will record consolidated sales of 1.0489 trillion KRW in the third quarter, a 5.5% increase compared to the same period last year, and an operating profit of 22 billion KRW, turning to black. He explained, "Compared to market expectations, sales are in line, and operating profit is 16.2% below, but the focus should be on maintaining a profit trend."

He added, "The company is showing the characteristics of the market's top preferred stock during the 2000s supercycle," and predicted, "By 2025, the loss-making ships ordered in 2021 and 2022 will disappear, and the construction mix will rapidly change, focusing on gas carriers ordered in 2023 and 2024."

Researcher Kang presented HD Hyundai Mipo as the top preferred stock within the shipbuilding sector, evaluating it as a "shipbuilding company that can be confidently bought." He added, "Considering the shipping market conditions of the main ship types, the order performance in 2025 will be the most stable," and "Among listed shipbuilding companies, it has the smallest decrease in order backlog by the end of 2025, and with profitability improvement about to begin, now is the time to actively buy."