[Click e-Stock] "HD Hyundai Marine Engine, Continued Growth in Engines and Parts"

On November 4, Hana Securities stated that HD Hyundai Marine Engine's third-quarter results for this year exceeded market expectations, noting that both the engine and parts divisions are experiencing rapid growth. The target stock price was raised by 55.8% to 120,000 won.

Yoo Jaeseon, a researcher at Hana Securities, said, "In the third quarter of this year, HD Hyundai Marine Engine recorded sales of 109.1 billion won and operating profit of 20.3 billion won," adding, "This represents an increase of 10.0% and 16.2% respectively compared to the previous quarter."

He continued, "Both the engine and parts divisions have shown steep growth," and added, "There is now a strong possibility that the company will exceed its annual sales target announced at the end of July."

He emphasized, "The engine division saw an increase in the number of units delivered, and product mix improvements led to higher selling prices. The proportion of sales from orders received last year is rising, so the growth trend is expected to continue."

He also analyzed, "As engine deliveries increase, crankshaft sales have also risen, and captive results for turbochargers are now being recognized. We expect external sales to grow rapidly going forward."

Researcher Yoo explained, "It appears that shipyard productivity improvements are leading to earlier vessel deliveries, which is positive because this accelerates the timing of revenue recognition for high-priced orders received for engines."

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