[Infostock Daily=Reporter Lee Dong-hoon] Hana Financial Investment maintained the target price of HSD Engine to 14,000 won and an investment opinion of 'Buy'.
The investment firm analyzed, "The total amount of ship orders announced by listed shipyards in February was about $4.2 billion, accounting for 14% of this year's order plan. If Korean Won continues to strengthen, South Korean shipyards' orders this year are expected to exceed their business plans as the Qatar LNG project is going smoothly. This means that HSD Engine's ship engine orders will also increase.
The firm forecasted, "Considering the HSD engine's current trend of winning orders by the end of this year, it is expected to be around 0.9 to 1 trillion won by the end of the year and is estimated to be well over 1 trillion won, including Qatar LNG carriers."
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
