Ki-Sun Chung was promoted to Vice Chairman of HD Hyundai, potentially leading to positive news flow. Consensus expects high dividend yield (7.1%) and NAV analysis suggests 22% upside in valuation.
Boomeranged on Tue, 16 Jul 2024 15:12
FTC decided to conditionally approve the acquisition of STX Heavy Industries by HD Korea Shipbuilding & Marine Engineering. With this business combination, HD Korea Shipbuilding & Marine Engineering holds about 80% of the engine parts market and 70% of the marine engine market in Korea. HD Hyundai (up 5%) and HD Korea Shipbuilding & Marine Engineering (up 5.6%) both recorded 52-week highs.
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