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KRX:000720

10 stories mentioning KRX:000720Updated 3d ago

Every FINWIRES story that references KRX:000720, newest first.

Asia

Hyundai Engineering & Construction Says Sinbanpo Second Reconstruction Contract Not Yet Finalized

Hyundai Engineering & Construction (KRX:000720) clarified a media report on Edaily about securing a contract for the Sinbanpo second reconstruction project.The company said that the deal, valued at 1.3 trillion won, had not been finalized.Although the project received conditional approval from the Seoul metropolitan government's integrated review committee on April 16, the final design has not yet been determined as the project implementation authorization has not been obtained. Therefore, Hyundai Engineering & Construction plans to sign the definitive contract once the project implementation authorization is granted and the cooperative's final design is confirmed, the filing said.Shares of Hyundai Engineering & Construction rose nearly 2% at market close.

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Asia

Geumhwa Raises Value of Deal with Hyundai Engineering & Construction

Geumhwa Plant Service & Construction (KOSDAQ:A036190) revised the contract value for mechanical piping installation work with Hyundai Engineering & Construction (KRX:000720) upwards, according to a Friday filing with the Korea Exchange.The South Korean industrial engineering and construction company said the revised contract value increased to 67.3 billion won from 66.2 billion won following the changes in the contract.The contract covers installation work in Ulsan, South Korea, between Oct. 7, 2024, and Oct. 31, 2026.

KOSDAQ:A036190KRX:000720
Asia

Hyundai Engineering & Construction's Q2 Attributable Net Income Jumps 23%; Shares Rise 10%

Hyundai Engineering & Construction (KRX:000720) posted a 23% year-over-year rise in net income attributable to owners of the parent to 116.4 billion won from 94.5 billion won for the second quarter.Sales declined 11% to 6.842 trillion won from 7.721 trillion won for the three months ended June 30, according to a Friday filing with the Korea Exchange.Shares of the construction company rose more than 10% in recent trade.

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Asia

Hyundai Engineering & Construction Unit Secures Injunction Against Suspension Order

Hyundai Engineering & Construction (KRX:000720) unit Hyundai Engineering was granted a provisional injunction disallowing the suspension of its civil engineering and construction business operations.The company had applied for an injunction after receiving the order, according to a Wednesday Korea bourse filing.The suspension had come about due to the occurrence of a serious accident under the occupational safety and health act, according to a previous filing.

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Asia

Hyundai Engineering & Construction's Unit Faces 3-Month Business Suspension

Hyundai Engineering & Construction (KRX:000720) subsidiary Hyundai Engineering has received a three-month business suspension order for its infrastructure and building construction business, effective from Aug. 5 to Nov. 4, following a serious industrial accident.The suspension will affect approximately 5.54 trillion won in sales, representing nearly 18% of the parent company's total consolidated revenue for the latest fiscal year, according to a Tokyo bourse filing on Wednesday.The subsidiary plans to file an application to suspend the effect of the order and a lawsuit to cancel the administrative disposition, and if the application is granted, the suspension will not impact operations until the court issues its decision.Projects contracted before the disposition or commenced with required permits may continue despite the suspension, the filing read.

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Asia

Hyundai Engineering & Construction to Suspend Subsidiary's Operations for 3 Months

Hyundai Engineering & Construction (KRX:000720) will suspend operations of subsidiary Hyundai Engineering's civil engineering and construction business for three months, according to a Wednesday filing with the Korean exchange.The suspension, which will occur from Aug. 5 to Nov. 4, was due to a serious accident, leading to the enactment of the Occupational Safety and Health Act.The suspension could impact about 5.541 trillion won in sales, the company said.The company will file an application to halt the business suspension order.

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Research

Daol Securities Upgrades Hyundai Engineering & Construction to Buy From Hold; Price Target is KRW155,000

Hyundai Engineering & Construction (KRX:000720) has an average rating of buy and mean price target of 206,619.05 won, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Asia

Hyundai E&C Reports Fatal Accident at Ulsan's Shaheen Project PKG1; Shares Jump 9%

A worker at Hyundai Engineering & Construction (KRX:000720) died on Friday after being entrapped in soil during the dismantling of formwork in the section where underground cable protection structures were installed at the Shaheen Project PKG1 in Ulsan.The police and the Ministry of Employment and Labor will investigate the matter, according to a Friday filing with the Korea Exchange.Shares of Hyundai Engineering & Construction jumped nearly 9% in recent trade.

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Asia

Hyundai E&C Wins KRW853 Billion Redevelopment Project; Shares Decline 7%

Hyundai Engineering & Construction (KRX:000720) secured the Beomcheon zone 4 housing redevelopment project in Busan worth 853.1 billion won, according to a Tuesday filing on the Korean Stock Exchange.Shares of Hyundai E&C fell nearly 7% in recent trade.

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Asia

Hyundai Engineering Wins KRW3 Trillion Seoul Construction Project

Hyundai Engineering & Construction (KRX:000720) secured the Wirye New Town Bokjeong station area mixed-use development construction project in Seoul worth 3.04 trillion won, according to a Monday filing on the Korean Stock Exchange.Construction is expected to end by Jan. 14, 2031.Shares of the company plunged 10% in recent trade.

KRX:000720

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