[Alpha Biz=(Chicago) Reporter Kim Jisun] Foreign investors' investor sentiment is flocking to HD Korea Shipbuilding & Marine Engineering. This is due to the fact that the shipbuilding industry is taking a step forward due to a good harvest of orders amid a warm wind.

According to the Korea Exchange on the 26th, foreigners bought 64.8 billion won worth of HD Korea Shipbuilding & Marine Engineering shares this month. It has the largest number of major shipbuilding stocks. During the same period, net foreign buying funds of KRW 34.5 billion came into Samsung Heavy Industries and KRW 11.9 billion came into Hanwha Ocean. If it expands this year as a whole, it is understood to be the most active buying trend. Last month, foreigners only bought KRW 25.2 billion worth of HD Korea Shipbuilding & Marine Engineering. It was a selling advantage in January and February.

Stock prices are also strong due to foreigners' interest. Shares of HD Korea Shipbuilding & Marine Engineering Co. rose 21.52 percent to 116,900 won this month from 96,200 won. On the 21st, it recorded a 52-week high price. Analysts say that investor sentiment is gathering as its subsidiary Hyundai Samho Heavy Industries is expected to improve its performance due to its rapid progress. Last year, Hyundai Samho Heavy Industries won about 11 trillion won, surpassing the previous record of 2007.

According to financial information provider FnGuide, HD Korea Shipbuilding & Marine Engineering's operating profit in the second and fourth quarters of this year is expected to turn into a surplus of KRW 124.2 billion. In the same period last year, it lost 265.1 billion won. In the third quarter, it is expected to increase 75.02% year-on-year to 330.3 billion won.

 

 

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