We cut our 12m TP for KSOE by 15.6% from KRW160,000 to KRW135,000 (12m fwd BVPS x 0.96x P/B). The downward revision reflects: (1) a lowered ROE, (2) changes to total equity after applying 12m fwd period and revising earnings forecasts and (3) adjustments to cost of equity due to changes in...
https://www.hellenicshippingnews.com/ksoe-annual-order-target-exceeded/