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KRX:329180

23 stories mentioning KRX:329180Updated 7h ago

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Nomura Upgrades HD Hyundai Heavy Industries to Buy From Reduce, Adjusts Price Target to KRW550,000 From KRW640,000

HD Hyundai Heavy Industries (KRX:329180) has an average rating of buy and mean price target of 860,333.30 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)

KRX:329180
Asia

HD Hyundai Heavy Industries Reports 290% Increase in Q2 Attributable Profit

HD Hyundai Heavy Industries (KRX:329180) reported a 290% year-over-year increase in net income attributable to owners of the parent to 822.1 billion won from 210.9 billion won for the second quarter, according to a Wednesday filing with the Korea Exchange.Sales rose 52.7% to 6.332 trillion won from 4.147 trillion won for the three months ended June 30.The shipbuilder declared a cash dividend of 6,090 won per share, payable on Aug. 31 to shareholders of record on Aug. 13.Shares of the company fell 2% in recent trade.

KRX:329180
Asia

HD Hyundai Heavy Industries Suspends Production for Safety Training, Inspections

HD Hyundai Heavy Industries' (KRX:329180) production, including the manufacturing of ships, is expected to be suspended from July 29 to July 31.The suspension will affect roughly 17.6 trillion won in sales, according to a Monday filing with the South Korea bourse.The suspension comes due to the implementation of special safety training and inspections at all worksites to eliminate serious accidents.

KRX:329180
Asia

HD Hyundai Heavy Industries Worker Dies From Panel Factory Accident

HD Hyundai Heavy Industries (KRX:329180) reported one death from a serious industrial accident at a panel factory within its Gunsan shipyard, according to a Monday filing with the Korea Exchange.The accident occurred on Friday, when the worker got caught between a log and a log attachment machine.The police and the Ministry of Employment and Labor are currently investigating the accident, with a partial work suspension order issued on Saturday.The HD Hyundai (KRX:267250) subsidiary will conduct special safety training and preventative measures for employees following the accident.

KRX:267250KRX:329180
Asia

South Korean Shares Close Sharply Lower on Escalated US-Iran Military Conflict, Oil Price Jump

South Korean shares broke a three-day winning streak to close sharply lower on Friday, amid escalating tensions in the Middle East.The U.S. carried out a 13th straight night of strikes on Iran on Thursday, targeting military sites and commercial establishments, while Yemen's Iran-backed Houthi rebels said they attacked two Saudi oil tankers in the Red Sea. In addition, these escalations led to oil prices climbing above $100 a barrel.The Korea Composite Stock Price Index, or Kospi, decreased by 406.27 points, or 5.7%, to end at 6,690.62. The Kosdaq also fell by 42.06 points, or 5.3%, to close at 748.22.In corporate news, Samsung Electronics' (KRX:005930) decision to award bonuses of over $400,000 to some of its employees has led to labor protests across major firms in South Korea, Bloomberg News reported Friday.Assembly-line workers at automaker Hyundai Motor (KRX:005380) plan to carry out a three-day partial strike next week to demand bonuses of up to 30% of consolidated profit, while unions at HD Hyundai Heavy Industries (KRX:329180) and LG Uplus (KRX:032640) are seeking payouts equal to at least 30% of operating profit, the report said.Employees at Hanwha Aerospace (KRX:012450) and HD Hyundai Electric (KRX:267260) seek bonus limitations removed, while workers at internet giant Kakao Corporation (KRX:035720) are demanding up to 15% of operating profit for bonuses, and technology firm Naver's (KRX:035420) union is establishing a coalition with affiliate unions to boost negotiations, Bloomberg News said.Kakao Corporation could not be reached, while Hyundai Motor, HD Hyundai Heavy Industries, LG Uplus, Hanwha Aerospace, HD Hyundai Electric, and Naver did not immediately respond to' request for comment.Shares of Samsung Electronics fell nearly 8%, those of Hyundai Motor and HD Hyundai Electric declined 7%, while shares of HD Hyundai Heavy Industries fell nearly 3% at market close. Shares of Hanwha Aerospace added over 2%, while shares of Kakao and Naver declined 3% and 6%, respectively.In other news, KB Financial Group (KRX:105560) posted a 3.2% year-over-year decline in profit attributable to owners of the parent to 1.124 trillion won from 1.161 trillion won for the second quarter, according to a Friday filing with the Korea Exchange.Net sales fell 17% to 11.8 trillion won from 14.2 trillion won for the three months ended June 30.Shares of KB Financial slipped 3% at market close.

^KOSDAQKOSPIKRX:005380KRX:005930KRX:012450KRX:032640KRX:035420KRX:035720KRX:267260KRX:329180
Asia

Market Chatter: Samsung Electronics' $400,000 Bonus Leads to Labor Protests Across South Korea

Samsung Electronics' (KRX:005930) decision to award bonuses of over $400,000 to some of its employees has led to labor protests across major firms in South Korea, Bloomberg News reported Friday.Assembly-line workers at automaker Hyundai Motor (KRX:005380) plan to carry out a three-day partial strike next week to demand bonuses of up to 30% of consolidated profit, while unions at HD Hyundai Heavy Industries (KRX:329180) and LG Uplus (KRX:032640) are seeking payouts equal to at least 30% of operating profit, the report said.Employees at Hanwha Aerospace (KRX:012450) and HD Hyundai Electric (KRX:267260) seek bonus limitations removed, while workers at internet giant Kakao Corporation (KRX:035720) are demanding up to 15% of operating profit for bonuses, and technology firm Naver's (KRX:035420) union is establishing a coalition with affiliate unions to boost negotiations, Bloomberg News said.Kakao Corporation could not be reached while Hyundai Motor, HD Hyundai Heavy Industries, LG Uplus, Hanwha Aerospace, HD Hyundai Electric, and Naver did not immediately respond to' request for comment.Shares of Samsung Electronics fell over 8%, those of Hyundai Motor and HD Hyundai Electric declined over 9% and 7% respectively, while shares of HD Hyundai Heavy Industries fell more than 2% in recent trade. Shares of LG Uplus declined over 1% while those of Hanwha Aerospace added nearly 3%. Shares of Kakao and Naver declined nearly 4% and over 7%, respectively.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:005380KRX:005930KRX:012450KRX:032640KRX:035420KRX:035720KRX:267260KRX:329180
Asia

HD Hyundai Heavy Dock Partially Suspended After Fatal Workplace Accident

Regulators on July 19 ordered a partial work suspension at HD Hyundai Heavy Industries (KRX:329180) shipbuilding dock, halting all gondola operations following a fatal workplace accident a day earlier, according to a Monday stock exchange filing.A worker died on July 18 at the company's shipbuilding division outer dock after being trapped between a gondola and an upper platform.Police and labor authorities are investigating the accident and reviewing related documents.HD Hyundai said it will conduct company-wide safety training and implement measures to prevent similar incidents.

KRX:329180
Asia

HD Hyundai Heavy Industries Logs $14.8 Billion in Orders for June

HD Hyundai Heavy Industries (KRX:329180) has recorded orders totaling $14.8 billion in June, up from the $8 billion recorded in the same month last year, according to a regulatory filing on Thursday.The shipbuilding division led the growth with $12.2 billion in orders, while the offshore plant segment surged to $113 million and the engine and machinery division was flat at $2.45 billion.

KRX:329180
Asia

HD Hyundai Marine Solution Worker Dies in Assembly-Area Fatal Accident

An HD Hyundai Marine Solution (KRX:443060) worker died after falling during overhead crane maintenance work at a plate assembly area, parent HD Hyundai Heavy Industries (KRX:329180) said in a Friday filing with the Korea Exchange.Police and the Ministry of Employment and Labor are investigating the incident. The company will carry out site-wide safety training and implement measures to prevent similar accidents.Authorities also ordered a partial suspension of all crane repair and inspection work at the workplace from Thursday.Shares of HD Hyundai Marine Solution rose nearly 6% in recent trade, while those of HD Hyundai Heavy Industries added over 1%.

KRX:329180KRX:443060
Asia

HD Hyundai Heavy Industries Secures KRW469.9 Billion Construction Order

HD Hyundai Heavy Industries Co.,Ltd (KRX:329180) bagged a construction order worth 469.9 billion won from a Middle East-based shipping company, according to a filing with the Korean Exchange.The contract will conclude on June 30, 2029.

KRX:329180
Asia

HD Hyundai Heavy Secures KRW392.2 Billion Order for LNG Carrier

HD Hyundai Heavy Industries (KRX:329180) won an order for a liquefied natural gas carrier (LNGC) from an Oceania-based shipper, according to a Wednesday filing with the Korean Exchange.The deal is valued at 392.2 billion won. The shipbuilder will deliver the vessels by Jan. 31, 2029.Shares of HD Hyundai Heavy Industries jumped nearly 4% at market close.

KRX:329180
Asia

South Korea Signs Deal to Advance $150 Billion Shipbuilding Investment in US

The Korea-U.S. Strategic Investment Corporation (KUIC), four policy finance institutions, and three Korean shipbuilders signed a memorandum of understanding to deploy $150 billion in Korea-U.S. shipbuilding investments, the trade ministry said Thursday.The four policy finance institutions are the Export-Import Bank of Korea, Korea Development Bank, Korea Trade Insurance Corporation, and Korea Ocean Business Corporation, while the three shipbuilders are HD Hyundai Heavy Industries (KRX:329180), Samsung Heavy Industries (KRX:010140), and Hanwha Ocean (KRX:042660).Under the agreement, the parties will establish a consultative body to share information, identify project opportunities, and coordinate policy financing, the release said.Shares of HD Hyundai Heavy Industries and Samsung Heavy Industries fell over 3%, while those of Hanwha Ocean declined more than 7% at market close on Friday.

^KOSDAQKOSPIKRX:010140KRX:042660KRX:329180
Asia

HD Hyundai Heavy Industries Confirms Supply Rights Agreement with TerraPower

HD Hyundai (KRX:329180) confirmed a framework agreement with TerraPower, under which, the latter has granted the company preferred supply rights for key equipment related to its Natrium small modular reactor, according to a Friday Korean bourse filing.Under the agreement, TerraPower will issue requests for proposals for equipment items. The agreement could lead to individual project contracts, depending on mutual agreement.

KRX:329180
Asia

HD Hyundai Heavy Industries Sales Up 43% in May

HD Hyundai Heavy Industries (KRX:329180) sales jumped 43% in May to 1.856 trillion won, according to a Thursday filing with the Korean Exchange.During the period, the company secured orders worth $12.7 billion, led by the shipbuilding segment which bagged orders worth $10.5 billion.

KRX:329180
Asia

HD Hyundai Heavy Industries' Sales Jump 43% in May

Sales of HD Hyundai Heavy Industries (KRX:329180) jumped 43.2% to 1.856 trillion won in May from 1.296 trillion won a year earlier, according to a filing with the Korea Exchange on Thursday.Shares of HD Hyundai Heavy Industries fell over 3% at market close.

KRX:329180
Asia

HD Hyundai Heavy Wins KRW360.7 billion Order for Two VLGCs from Europe; Shares Decline 5%

HD Hyundai Heavy Industries (KRX:329180) won an order for two very large gas carriers (VLGCs) from a Europe-based shipping company, according to a Monday filing with the Korean Exchange.The deal is valued at 360.7 billion won. The shipbuilder will deliver the vessels by Nov. 30, 2029.Shares of the company fell nearly 5% in recent trade.

KRX:329180
Asia

HD Hyundai Heavy Wins KRW1.42 Trillion Order for Eight VLGCs

HD Hyundai Heavy Industries (KRX:329180) won an order for eight very large gas carriers (VLGCs) from an Asia-based shipping company, according to a Monday filing with the Korean Exchange.The deal is valued at 1.416 trillion won. The shipbuilder will deliver the vessels by June 30, 2030.Shares of HD Hyundai Heavy Industries rose 2% in recent trade.

KRX:329180
Asia

HD Hyundai Heavy Industries Wins KRW1.778 Trillion Order for Six Container Ships; Shares Decline 6%

HD Hyundai Heavy Industries (KRX:329180) won an order for six container ships from an Asian shipping company, according to a Friday filing with the Korean Exchange.The deal is valued at 1.778 trillion won. The shipbuilder will deliver the vessels by Sept. 30, 2029.Shares of HD Hyundai Heavy Industries fell more than 6% in recent trade.

KRX:329180
Asia

Nomura Adjusts HD Hyundai Heavy Industries' Price Target to KRW640,000 From KRW350,000, Keeps at Reduce

HD Hyundai Heavy Industries (KRX:329180) has an average rating of buy and mean price target of 816,400 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)

KRX:329180
Asia

HD Hyundai Heavy Wins KRW352.1 Billion Order for Two Gas Carriers; Shares Decline 6%

HD Hyundai Heavy Industries (KRX:329180) won an order for two very large gas carriers from an Oceania-based shipping company, according to a Friday filing with the Korean Exchange.The deal is valued at 352.1 billion won. The shipbuilder will deliver the vessels by March 30, 2029.Shares of the company fell nearly 6% in recent trade.

KRX:329180

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