The stock price of HD Hyundai Heavy Industries surpassed the 300,000 won mark. Since being listed in 2021 after its physical spin-off from HD Korea Shipbuilding & Offshore Engineering, it has set a new all-time high.
HD Hyundai Heavy Industries shares were traded at 301,500 won on the KOSPI market at 9:12 a.m. on the 3rd. The stock price rose by 4.33% (12,500 won) from the previous day. Early in the session, the stock price jumped to 307,500 won, hitting its all-time high.
With about three years' worth of order backlog, the strong shipbuilding market seems to have stimulated investor sentiment. In particular, there are forecasts that liquefied natural gas (LNG) development will increase in the U.S. following the start of the second term of the Donald Trump administration. This suggests that orders for LNG carriers, where companies like HD Hyundai Heavy Industries excel, may continue.
Jeong Yeon-seung, a researcher at NH Investment & Securities, noted, "Container shipping rates are also better than expected, so orders could be placed again," adding, "It is noteworthy that the order cycle for shipbuilders, which began in 2021, is continuing into 2025, making it one of the longest cycles during the industry's history of booms."