KRX:272210

Nomura Adjusts Hanwha Systems' Price Target to KRW65,000 from KRW48,000, Keeps at Reduce

Hanwha Systems Swings to Loss in Q1

South Korean shipbuilder Hanwha Systems (KRX:272210) posted first-quarter net loss attributable to shareholders of 55 billion won, swinging from an attributable net income of 27.9 billion won a year earlier, according to a Monday filing with the Korea Exchange.Sales were up 17% year over year to 807.1 billion won from 690.1 billion won.Shares of Hanwha Systems fell over 3% at market close.