On the morning of the 3rd, Hankuk Carbon's stock price is rising by more than 9%. This is interpreted as being influenced by a securities firm's expectation of improved performance due to orders for liquefied natural gas carriers (LNGC) in North America.
As of 9:14 a.m. on the 3rd, Hankuk Carbon is trading at 34,750 won, up 2,950 won (9.28%) from the previous trading day in the securities market. During trading, it rose to 34,850 won, breaking the highest price of the year.
Han Seung-han, a researcher at SK Securities, noted in a report on this day, "Large-scale LNGC orders are expected to begin in earnest from the fourth quarter of this year (October to December), resulting in a renewed increase in the company's order backlog level." He added, "Deliveries of secondary barrier (SB) to Chinese shipyards have been ongoing since late last year, and from this year, we will demonstrate differentiated profit growth through full-scale deliveries of SB to China based on warm conditions."
He continued, "From the second quarter of this year (April to June), we succeeded in improving our structure without one-off factors through merger synergies with Korea New Material, cost reductions, and improvements in defect rates of new production lines." He added, "Deliveries of the 2021 orders, which are low-profit items, have nearly completed, and the effect of rising average selling prices (ASP) for orders from 2022 to 2023 has not yet been fully reflected, so we expect substantial performance improvements from the ASP increase effect in the second half of this year."