NH Investment & Securities has reduced the target price of HD Hyundai Mipo to 152,000 won due to weaker order momentum and slower profitability improvement. The company’s order target for this year is $3.8 billion, but so far, it has only secured orders worth $370 million. Despite concerns over the contraction of MR tanker orders and increased freight rate volatility, profitability is expected to improve significantly in the second half of the year as ships ordered last year are constructed.
Original Article: Read More
Auto-posted at: 2025-03-18 09:01:07