Daishin Securities analyzed on the 8th that Sejin Heavy Industries has various growth potential along with its earnings turnaround stance.
Investment opinion 'Buy' and target price of KRW 12,000 have launched new coverage.
"Sejin Heavy Industries is producing all LPG tanks of Hyundai Heavy Industries and Hyundai Mipo Dockyard," Daishin Securities said. "The LPG order cycle has begun following the LNG carrier. The effect of improving the sales mix will be added.".
Daishin Securities added, "When Daewoo Shipbuilding & Marine Engineering is incorporated into Hyundai Heavy Industries Group, it can expect to increase its outsourcing volume," and added, "It can also expect to increase its equity value as its subsidiary Ilseung is listed on the 17th of last month.".
Consolidated sales this year rose 9.8% year-on-year to 313.5 billion won and operating profit rose 250.0% to 25.4 billion won.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
