[Click eStock] "Taewoong, Possible Reflex Gain from 'Hyundai IFC Sale'"

NH Investment & Securities analyzed on the 24th that Taewoong, which supplies stern materials to shipbuilders, could benefit from the sale of Hyundai IFC. It is analyzed that if Hyundai IFC is sold, Taewoong will be able to supply stern materials to the Hyundai Heavy Industries group.

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Jae-hyuk Kwak, a researcher at NH Investment & Securities, stated, "There have been reports that a demand survey for the sale of Hyundai IFC is underway," adding, "Hyundai IFC is a 100% subsidiary of Hyundai Steel and has supplied all stern materials to the three shipbuilders affiliated with Korea Shipbuilding & Offshore Engineering."

Researcher Kwak observed, "Taewoong currently supplies stern materials to Hanwha Ocean, but if Hyundai IFC is sold to a third party rather than the HD Hyundai Heavy Industries group, Taewoong may be able to supply some volume to the Hyundai side."

He noted, "Taewoong has a history of supplying stern materials to Hyundai Heavy Industries during the shipbuilding boom in 2008," and predicted, "Depending on the outcome of the Hyundai IFC sale, it is possible to achieve sales exceeding the level at that time."

However, he prefaced, "Since the sale has not been finalized, there is uncertainty about where it will be sold and under what contract conditions the sale will be completed."

This content was produced with the assistance of AI translation services.