On the 11th, Daishin Securities proposed "buy" its investment opinion on HMM, saying, "HMM has 13 trillion won in cash in 2022 alone," and maintained its target stock price of 48,000 won.
Daishin Securities explained, "Despite its record-high performance, stock prices fell about 40% over the past six months due to the Korea Maritime Promotion Agency's conversion of permanent bond stocks and slowing consumption of global inflation.".
Daishin Securities said, "Although we expect that port congestion will improve gradually from the end of the first quarter of 2022, we expect that fares that have risen more than 50% year-on-year in recent negotiations on SC freight contracts by some carriers, including 2M, will partially offset the drop in spot rates.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
