[Featured Stock] Hanwha Ocean in 'Earnings Stabilization Phase', Up 3.65%

Hanwha Ocean's stock price is on the rise, with significant performance improvements expected as revenue recognition from order volumes begins in earnest.

As of 9:17 AM on the 15th, Hanwha Ocean was trading at 49,700 KRW, up 1,750 KRW (3.65%) from the previous trading day.

On the same day, Kiwoom Securities stated about Hanwha Ocean, "Productivity has noticeably stabilized, contributing to profitability improvement," and raised the target price from 41,000 KRW to 54,000 KRW. However, they noted, "Reflecting the recent sharp rise in stock price, the investment rating is downgraded to Outperform (exceeding market returns)."

Researcher Han Gyeol Lee of Kiwoom Securities said, "Operating profit in the fourth quarter of last year is expected to exceed market expectations at 121.2 billion KRW," adding, "Performance improvement is expected due to an increase in operating days and production stabilization. It is also estimated that favorable foreign exchange effects had an impact."

He further stated, "This year, new shipbuilding demand in the merchant ship sector is expected to remain solid, centered on liquefied natural gas (LNG) carriers and container ships," and added, "In the special ship sector, expansion of the U.S. Navy's maintenance, repair, and overhaul (MRO) business is anticipated."