[Click eStock] "Samsung Heavy Industries, Unrivaled Competitiveness in Offshore Oilfield Development"

On the 27th, Daishin Securities forecasted that Samsung Heavy Industries would benefit the most from the energy transition and the declining oil price trend in the Trump 2.0 era. They issued a 'Buy' investment rating with a target price of 17,000 KRW.

Analyst Lee Jini described Samsung Heavy Industries as a "minor but focused shipyard that excels in what it does" and presented three investment points. First, with the onset of the Trump 2.0 era and the anticipated energy transition, the order trend for shuttle tankers (crude oil carriers) is expected to begin. Second, Samsung Heavy Industries is the only domestic shipyard capable of manufacturing offshore plants (FLNG, Floating Liquefied Natural Gas facilities). Third, due to this year's oil price decline and the increase in LNG terminal approvals, demand for tankers and FLNG is expected to rise.

He analyzed, "Recently, Samsung Heavy Industries secured orders worth 2 trillion KRW for shuttle tankers by absorbing volumes that were expected to be distributed to Chinese shipyards," adding, "When offshore oil field development projects commence, Samsung Heavy Industries' unique order competitiveness will contribute to increased sales."

Daishin Securities projected Samsung Heavy Industries' performance this year to be 10.6 trillion KRW in sales and 628.5 billion KRW in operating profit.