[Special Stock] Korean Shipbuilding Equipment 'Stretching Out'... Is a Supercycle Coming?
[Asia Economy Reporter Hwang Junho] On the afternoon of the 10th, stocks in the shipbuilding equipment sector such as Taekwang, Seonggwan Bend, and Hyerok Korea are standing out in the stock market. This is analyzed as a result of increased expectations following a report containing a bright outlook for the fitting industry.
As of 2:46 PM on the same day, Taekwang recorded 15,900 KRW, up 14.80% from the previous day. Seonggwan Bend and Hyerok Korea, which belong to the same industry, also showed rising trends of 12.21% and 8.93%, respectively. Although the KOSDAQ, to which these stocks belong, is currently down more than 1%, these stocks are showing strong performance.
The reason these stocks are showing strength appears to be that the report suggesting a super cycle in the fitting industry is gaining credibility.
Researcher Kwak Minjung of Hyundai Motor Securities presented an investment opinion on the fitting industry as 'Overweight,' stating, "In the past 10 years of low oil prices, fitting companies have struggled, creating a situation where global four companies?Seonggwan Bend, Taekwang, TECTUBI, and Tecnoforge?can dominate the market."
He added, "With the lack of supply and expansion of traditional oil-based energy sources and expectations for European LNG terminal orders, this year will see a significant increase in orders and performance improvement, leading to a full-fledged growth trend," explaining, "There is a high possibility of a super cycle in the fitting industry."
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Industrial fittings refer to pipe connectors installed in pipelines of front industries such as petrochemicals, shipbuilding, offshore plants, and power plants. These parts are usually made to order and require huge initial investment costs for large-scale sites and heavy machinery such as large presses, making entry barriers high.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
