[Featured Stock] Expectation of Double Sales Growth... HD Hyundai Marine Engine Up Over 11%
HD Hyundai Marine Engine is showing strong performance in early trading following a securities firm's analysis predicting a 136% sales growth by 2026.
![[Featured Stock] Expectation of Double Sales Growth... HD Hyundai Marine Engine Up Over 11%](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
As of 9:35 AM on the 10th, HD Hyundai Marine Engine is trading at 28,900 KRW, up 3,050 KRW (11.08%) from the previous trading day.
The early strength of HD Hyundai Marine Engine is attributed to expectations of continued strong earnings.
On this day, Daol Investment & Securities analyzed that after the shipping market boom that began in 2021, shipbuilding stocks have risen significantly, making ship engine companies more attractive.
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Choi Kwang-sik, a researcher at Daol Investment & Securities, stated, "If preparations are made in 2025 and HD Hyundai Mipo handles even 50% in 2026, sales will reach 860 billion KRW, a 136% increase compared to last year. Although it has the disadvantage of an air gap about 30% slower than HD Hyundai Heavy Industries Engine & Machinery Division, productivity can improve by transferring know-how and systems, enabling a volume increase of over 40%," he analyzed.
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