China’s shipbuilders ride crest of global success

The United States’ plan to boost its shipbuilding capacity and impose fees on Chinese vessels is unlikely to have a major impact on the booming industry in China, experts and analysts said. In his national address last month, US President Donald Trump vowed to set up...
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HD Hyundai Heavy Industries: Order Activity Cruising Along

We raise our 12m TP by 2.9%, from KRW340,000 to KRW350,000 (12m fwd BVPS x 4.7x target P/B), on HHI to reflect changes to our earnings estimates, 12m fwd base period, 1y MSB yield (RFR) and beta. We maintain BUY, as our new TP has 20.3% upside potential (vs. Apr 1...
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