HD Hyundai Heavy Set to Benefit From U.S. Curbs on China -- Market Talk

Dow Jones
Yesterday

0353 GMT - HD Hyundai Heavy Industries is likely to become a key beneficiary of potential U.S. regulations on rival Chinese shipyards, Nomura analyst Eon Hwang writes in a note. The South Korean shipbuilder may utilize more of its production facilities, boost its ship delivery by 70% and double its profit margins if the U.S. regulates China, Hwang says. With the U.S. perceiving China's dominance in the global maritime industry as a threat, he expects the U.S. Trade Representative to move to impose additional port fees on Chinese-built vessels and operators. Nomura upgrades its rating on the stock to buy from neutral and raises the target price by 21% to KRW400,000. Shares are 1.6% lower at KRW305,000. (kwanwoo.jun@wsj.com)

 

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March 13, 2025 23:53 ET (03:53 GMT)

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