The ship engine specialist HD Hyundai Marine Engine is strong in the early part of the trading session on the 13th, up more than 5%. This is interpreted as a result of increased buying interest following news of a 100 billion won ship engine supply contract.
As of 9:40 a.m. on the 13th, HD Hyundai Marine Engine is trading at 29,100 won, up 1,400 won (5.05%) from the previous day. It rose over 9% shortly after the opening, reaching above 30,000 won.
HD Hyundai Marine Engine announced that it has signed a ship engine supply contract worth 103.5 billion won with HD Hyundai Mipo on this day. This accounts for 42.2% of its sales for 2023, and the contract period runs until May 18, 2028.
HD Hyundai Marine Engine is a company that manufactures ship engines and engine components, producing diesel engines, LNG gas engines (dual fuel), and LPG gas engines (dual fuel). According to the third quarter of the previous year, the sales proportion is approximately 78% for ship engines and about 22% for engine components.
In 2023, as HD Korea Shipbuilding & Offshore Engineering became the largest shareholder, the company name was changed from STX Heavy Industries to HD Hyundai Marine Engine.