[Infostock Daily=Reporter Lee Dong-hoon] Hana Financial Group maintained its investment opinion of 'Buy' and the price target price of 14,000 won.
HSD Engine's engine orders has been on the rise as shipyards'ship orders have increased because of strengthening Korean won since the last October.
The order backlog has risen from 803 billion won at the end of last year to above the current 9,000 billion won, and is expected to rise to nearly 1 trillion won by the end of the year.
Last year, demand for LNG propulsion technology by shippers has risen sharply. The higher the demand for LNG-powered technology, the higher the price of HSD Engine's ship engine orders, which will lead to improved performance and profitability of HSD Engine.
HSD Engine's order backlog is expected to lead to a solid rise in HSD Engine's stock prices, and it is possible to consider the possibility that its business performance will exceed estimates as ship engine orders continue to increase.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
