We revise our 12m TP down 9.1% from KRW110,000 to KRW100,000 (12m fwd BVPS x 0.82x target P/B). ROE was lifted, as new order wins should exceed USD20.0bn this year (part of bull-case scenario), but this was offset by changes in earnings estimates, total equity (reflecting updated 12m fwd base...
https://www.hellenicshippingnews.com/ksoe-expecting-turn-to-black-in-3q22/