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)
(END) Dow Jones Newswires
March 13, 2025 23:53 ET (03:53 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.