Samsung Heavy Industries is strong in early trading on the 4th. Buying appears to be piling in after news broke that it won an order for a $4.3 trillion won floating liquefied natural gas production facility (FLNG).
As of 9:23 a.m., Samsung Heavy Industries on the Korea Exchange was trading at 28,850 won, up 1,150 won (4.15%) from the previous session's close.
Right after the open, it spiked as high as 30,150 won, up 2,450 won (8.84%), before slightly trimming gains.
Samsung Heavy Industries said on the 2nd that it won an order in North America for one FLNG worth 4.3301 trillion won. This is the company's first FLNG contract in the United States.
Samsung Heavy Industries plans to begin construction after receiving a notice to proceed from the client and deliver in Jul. 2030.