As the market shows vitality, not only shipbuilding stocks but also shipbuilding materials stocks are demonstrating strong prices.
Sejin Heavy Industries shares were traded at 10,350 won on the KOSPI market at 9:15 a.m. on the 15th. The stock price increased by 11.77% (1,090 won) compared to the previous day.
Sejin Heavy Industries recorded sales of 98.5 billion won and an operating profit of 17.8 billion won in the first quarter of this year (January to March). Its operating profit margin on a standalone basis was 19%, the highest among listed shipbuilding and shipbuilding materials companies. IBK Securities noted that Sejin Heavy Industries has secured growth potential until 2027 and raised its target stock price to 14,000 won.
Shares of other shipbuilding materials companies, including HD Hyundai Marine Engine, DAEYANG Electric, Hanwha Engine, and HYUNDAI HYMS, are also being traded at higher prices than the previous day.
As expectations grow for cooperation in the shipbuilding sector with the United States, other shipbuilding stocks are showing a notable uptrend. HD Korea Shipbuilding & Offshore Engineering showed a stock price increase of over 5% at the same time. HD Hyundai Mipo, Samsung Heavy Industries, HD Hyundai Heavy Industries, and Hanwha Ocean are also experiencing rising prices.
According to a report titled 'Analysis of the U.S. Shipbuilding Industry and Implications for Korea-U.S. Cooperation,' commissioned by The Federation of Korean Industries and published by Professor Ryu Min-cheol of Korea Maritime and Ocean University, the U.S. is expected to order between 403 and 448 vessels, including merchant ships, liquefied natural gas (LNG) carriers, and naval warships, by 2037. This represents a potential future market for the Korean shipbuilding industry.