0057 GMT - HD Hyundai Heavy Industries may get a valuation boost from its maintenance, repair and overhaul business for the U.S. Navy this year, Daiwa Capital analysts Mike Oh and Daeho Son say. The South Korean shipbuilder aims to win two to three MRO orders from the U.S. Navy in 2025 and also expresses its interest in building a strategic commercial fleet for the U.S., they note. Daiwa expects the company to secure $13.03 billion of new contracts for this year, above its annual guidance of $12.6 billion. Daiwa raises its target price for the stock by 62% to KRW380,000 and keeps a buy rating. Shares are 0.5% lower at KRW308,500. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
January 19, 2025 19:57 ET (00:57 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。