Shinhan Investment & Securities Upgrades Sejin Heavy Industries Amid Rising Ship Orders
Shinhan Investment & Securities has initiated coverage of Sejin Heavy Industries with a 'Buy' rating and a target price of 20,200 won, anticipating revenue growth driven by increased domestic shipbuilding orders. Sejin Heavy is projected to generate revenue of 451.8 billion won and operating profit of 92.2 billion won this year.
Shinhan Investment & Securities expects Sejin Heavy Industries to benefit from an expanding order backlog among domestic shipbuilders. The firm has set a target price of 20,200 won, up from the recent closing price of 17,100 won.
AI-curated by TheiaProjected revenue for Sejin Heavy is 451.8 billion won, with an operating profit of 92.2 billion won. The company holds a dominant position in the independent gas-tank market, with low order uncertainty.
Increased orders for high value-added products like liquefied carbon dioxide carriers and LNG bunkering vessels are expected to enhance earnings. The firm's market position and backlog suggest a strong growth outlook.
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