Thursday, February 16, 2017

Hyundai and Samsung Heavy Industries, the second half of the year up to Gobi



Domestic shipbuilding industry, such as [South Korea financial newspaper reporters standing hyomun Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding and Marine Engineering has a look that seemed to improve performance last year, the prospect of trouble came last. In particular, the sharp decline in construction volume and production capacity, expected in the second half was pointed out that, provided the necessary related measures.

Hongseokjun Korea Investors Service (the KIS) researcher 'Shipbuilding Industry Credit Issue and Prospects "," last orders scale of the global shipbuilding industry in conducted 16 days recorded a $ 41 billion lower than in 2009 (420 billion dollars) was called as record low "and" he said that the slowdown in the growth of the Chinese market and business conditions difficult neulgi revenue, will also lead to a difficult situation this year. "

He added, "Performance of Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering and other domestic shipbuilding Big Three was improved a lot last year," said "Especially last year, 1.6 trillion won if the HHI due to the strong performance of the Shipbuilding business stabilization and Hyundai Oil Bank was recorded in the operating profit, "he added.

Despite the strong performance, and it pointed out that if the current global recession continues this year could lead to more gloomy situation than last year. When you view the current status of orders, including Hyundai Heavy Industries, Samsung Heavy Industries is also to consider the opinion that the sale of assets and the capital increase does not receive new orders in the second half of the year.

Hong researcher "order size reached last year's 44 trillion won has plunged to an annual maximum of 20 trillion won level by 2019 comes from this year," said "Korea Big Three in the second half of the year will does not receive new orders dry volume and production capacity of 40 each %, will be reduced by 30%, "said Iraq.

He continued, "Recently the main raw material, steel prices also got exacerbates the revenue structure difficulties are expected to more serious orders cliff than last year," said ", as well as this year's Chosun three companies all 6000 billion ~ 1 trillion won maturity bonds have come back like now cliffs said it would recall order to accelerate the deterioration of liquidity inflows decline. "





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