Asian Dividend Gems: HD Hyundai
FTC decided to conditionally approve the acquisition of STX Heavy Industries by HD Korea Shipbuilding & Marine Engineering. With this business...
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Sembcorp Marine: Beneficiary of High Oil Price? Not so Fast
In this rapid response, we examine the business of Sembcorp Marine and are of the view that the high oil price will not translate into a more...
640 Views
HD Hyundai Marine US$1.18bn Lockup Expiry - KKR Might Be Tempted to Book Gains
HD Hyundai Marine Solution (443060 KS) was listed in Korea on 9th May 2024 after raising US$540m. Its six-month lockup will expire on 7th Nov 2024.
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HD Hyundai: Updated NAV Analysis
According to our NAV analysis, it suggests a base case valuation of 122,473 won per share for HD Hyundai, representing a 50% upside from current...
293 Views
TS Lines Pre-IPO: Adjusted Book Value Approach Yields Estimated Equity Valuation of US$1.96-2.06 Bn
Adjusting the book value of TS Lines' fleet based on recent newbuilding prices implies an equity valuation for the regional container carrier of as...
269 Views