[Click eStock] "Hyundai Heavy Industries Holdings, 'Double Benefit' from Oil Price Recovery Outlook and LNG Ship Acquisition"

NH Investment & Securities Presents Investment Opinion 'Buy' and Target Price of 352,500 Won... Closing Price on 5th is 281,000 Won

[Asia Economy Reporter Kum Boryeong] Hyundai Heavy Industries Holdings has been identified as a dual-benefit stock.

On the 8th, NH Investment & Securities gave Hyundai Heavy Industries Holdings a 'Buy' rating with a target price of 352,500 KRW. On the 5th, the closing price of Hyundai Heavy Industries Holdings was 281,000 KRW.

Hyundai Heavy Industries Holdings is expected to benefit from Hyundai Oilbank and Korea Shipbuilding & Offshore Engineering this year. Jinmyung Choi, a researcher at NH Investment & Securities, stated, "The subsidiary equity value is composed of approximately 59% from 'Hyundai Oilbank and subsidiaries,' about 35% from 'Korea Shipbuilding & Offshore Engineering and Hyundai Global Services,' and 6% from others," adding, "The petrochemical business is expected to return to profitability in the second quarter due to the recovery of international oil prices, and the shipbuilding and offshore sector's valuation has recovered following the news of securing Qatar LNG vessels."

Hyundai Heavy Industries Group's order backlog is estimated to be the largest in the world by amount. Even by simple volume evaluation, it ranks second globally. Additionally, with the recent signing of the Qatar-Republic of Korea LNG vessel order Memorandum of Agreement (MOA), it has secured order volumes exceeding 60 billion USD over five years. Hyundai Oilbank and its subsidiaries also have the highest rate of facility modernization in Korea.

Researcher Choi explained, "It possesses the most outstanding cost competitiveness compared to peers," and added, "Continuous acquisition of business sites and expansion of facilities are underway, so steady scale expansion and growth are expected."

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