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[Alpha Biz=(Chicago) Reporter Paul Lee] Hi Investment & Securities maintained its investment opinion 'buy' and target stock price of 12,000 won for HSD Engine on the 21st.
The third-quarter earnings were 187.6 billion won in sales and 1.1 billion won in operating profit, below market expectations. Hi Investment & Securities said, "It is a temporary phenomenon that occurred when the delivery of some engines, which were scheduled to be recognized in the third quarter, was delayed to the fourth quarter. We will make up for the decline in the fourth quarter."
Orders surged despite a delay in sales. The third-quarter order was 531.1 billion won, raising the order backlog to 2.8495 trillion won, the highest level since 2012. Samsung Heavy Industries' order for methanol D/F engines for 16 methanol containers (KRW 382.1 billion) was effective.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
