NH Investment & Securities has raised its target stock price for Hanwha Ocean to 90,000 won, a 34% increase from the previous estimate, due to expected full-scale orders of LNG carriers and offshore plants this year. The earnings improvement cycle for Hanwha Ocean has been extended from 2027 to 2028, with potential for further extension due to future orders in the merchant ship, offshore, and special vessel sectors. Hanwha Ocean’s first-quarter sales are expected to have increased by 28.5% to 2.94 trillion won, and operating profit by 194% to 155.5 billion won.
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Auto-posted at: 2025-03-18 09:02:41