[Special Stock] Hyundai Heavy Industries Rises 4% on Order Contract for 7 LNGCs
[Asia Economy Reporter Minji Lee] Hyundai Heavy Industries is showing an upward trend following the news of securing a contract for 7 LNGCs.
At 2:05 PM on the 10th, Hyundai Heavy Industries was trading at 140,500 KRW, up 4.85% from the previous trading day. The company's stock price surged to 142,000 KRW during the session.
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On the same day, Hyundai Heavy Industries announced that it had signed a contract to build 7 LNG carriers with an Asia-based shipping company. The contract amount is 1.9628 trillion KRW, which corresponds to 23.62% of the 2021 sales revenue. The contract period is from August 9, 2022, to December 16, 2026.
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