Shares of South Korean sea carriers and shipbuilders are flying high on expectations for stellar performance this year ahead of their earnings release for the first quarter, reports Pulse News.
Price More Than DoubledHMM Co., the country’s largest shipper, saw its shares surge 9.71 percent to 36,150 won ($32.54) on Monday. Its share price more than doubled from 13,950 won at the end of last year. Shares of HMM added 1.8 percent to finish Tuesday at 36,800 won.
The stock rally is attributable to...