HD Hyundai Marine Solution to Benefit from Expanding Engine-Maintenance Market
Dow Jones
Sep 11
0630 GMT - HD Hyundai Marine Solution stands to benefit from an expanding engine-maintenance market fueled by the artificial intelligence boom, says NH Investment & Securities analyst Y.S. Jung. The analyst expects revenue and earnings from the company's engine-maintenance services to rise cumulatively from 2028, citing sibling shipbuilder HD Hyundai Heavy Industries' plan to more than double its production capacity for HiMSEN engines to power AI data centers. HD Hyundai Marine Solution's operating profit from engine-maintenance services could reach 90.1 billion won by 2030, with earnings growth likely to continue thereafter, he adds. NH raises its target price for the company to 310,000 won from 280,000 won and keeps a buy rating. Shares are 8.1% higher at 248,000 won.
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