On the morning of the 30th, Samsung Heavy Industries' stock price is strong. This follows projections that Samsung Heavy Industries will have explosive order momentum in the second half and analyses from securities firms suggesting that Samsung Electronics may sell off its equity.
As of 9:38 a.m. on the 30th, Samsung Heavy Industries is trading at 16,630 won, up 490 won (3.04%) from the previous trading day in the Korean securities market. It traded at 16,900 won in early trading, setting a new yearly high.
Yang Hyung-mo, a researcher at DS Investment & Securities, evaluated that the order momentum for Samsung Heavy Industries in the second half is explosive. He noted, "Samsung Heavy Industries has secured $2.6 billion of its $9.8 billion order target this year," adding, "From this summer, we expect 170 liquefied natural gas (LNG) carriers to be ordered from the United States over the next two years."
He also mentioned the possibility of Samsung Electronics selling its equity. Yang said, "Samsung Electronics holds 15.2% equity in Samsung Heavy Industries, and a sale during the recovery phase of the cycle is realistic. If the market capitalization rises higher than now, it could be burdensome for buyers."
He added, "The swap of the equity held by Samsung Life Insurance in Samsung Electronics is legally impossible, so only external sales are feasible," and clarified that, "With their technological capabilities, it is positive no matter where it is sold."