[Featured Stock] Samsung Heavy Industries Rises Over 6% on 8 Trillion Won Shipyard Expectations...

Samsung Heavy Industries is showing strong performance in early trading on the 12th. Investor sentiment appears to be driven by the imminent $8 trillion order for the 'Floating Liquefied Natural Gas Production, Storage, and Offloading (FLNG)' facility.

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As of 9:31 a.m. that day, Samsung Heavy Industries was trading at 15,190 KRW, up 970 KRW (6.82%) from the previous trading day.

This buying momentum seems to have been triggered by news that Samsung Heavy Industries is negotiating detailed terms to supply FLNG to four companies: Italy's ENI, the United States' Delfin, Canada's Western LNG, and Norway's Golar LNG.

The total value exceeds 8 trillion KRW, which is about 80% of the company's sales last year (9.9031 trillion KRW).

Earlier, the stock price rise was also influenced by U.S. President Donald Trump's public statement that Korea and others would participate in the Alaska gas pipeline construction project.

Samsung Heavy Industries is considered a leading domestic shipbuilder with strengths in liquefied natural gas (LNG) carriers. The securities industry expects Samsung Heavy Industries' order volume this year to exceed its target.

With clear momentum in orders for key commercial vessels such as LNG carriers destined for North America in the shipbuilding sector, considering LNG carrier prices and annual deliveries of up to 40 vessels, the outlook is positive.

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