We recommend a BUY rating on Samsung Heavy Industries for a target price of KRW7,700. Current risks and market conditions are similar to those of 2018-2019, the boom years for LNG carrier orders. When compared to the average of 2018-2019, the shipbuilder’s order backlog is 25.5% larger and newbuilding prices are 17.7% higher. The expected …
The post Samsung Heavy Industries: Look for Opportunities instead of Risks first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John