Despite revising down our earnings outlook to reflect the anticipated earnings shock in 1H22, we raise our 12m TP for Samsung Heavy Industries (SHI) by 9.1% from KRW5,500 to KRW6,000 given an upward revision to ROE and changes to 30y KTB (terminal growth rate) and 1y MSB (risk-free rate) yields. We have also reflected changes …
The post Samsung Heavy Industries: Rising Steel Plate Prices to Hurt 2Q22 Earnings first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John