[Market Focus] HD Hyundai Heavy Industries Rises on Expectations of Increased Special-Purpose Ship Orders This Year

HD Hyundai Heavy Industries is showing strong gains of over 4% this year on expectations of increased orders for special-purpose ships.

As of 9:26 a.m. on January 13, HD Hyundai Heavy Industries was trading at 629,000 won on the Korea Exchange, up 25,000 won (4.14%) from the previous day.

On this day, Korea Investment & Securities raised its target price for HD Hyundai Heavy Industries by 2.8% to 730,000 won, projecting that the company's fair value will gradually trend upward, driven by the effect of special-purpose ship orders.

Kang Kyungtae, a researcher at Korea Investment & Securities, stated, "This year's order target for special-purpose ships is over 3 billion dollars, which accounts for more than 20% of this year's total shipbuilding order target of 14.5 billion dollars, and is about three times last year's performance in special-purpose ship orders. With high order targets and a robust pipeline, this year will see the order book for special-purpose ships amply filled. The strong performance in special-purpose ship orders this year is expected to lead to upward revisions in the 2028 earnings estimates."