Thursday, June 16, 2011

STX bullish on orders & results

STX Offshore & Shipbuilding is expected to beef up new orders and achieve better business results.

Korea Investment & Securities analyst Park Min said on 15th, "We have conservative perspective on shipbuilding stocks but it's positive for STX."

"The shipbuilder is to show strong order momentum down the road this year. Although it secured relatively small amount of new orders in the first half of the year, this, in turn, would help strengthen its new order competitive edge going forward."

"STX is now in negotiations for ultra-large containerships, LNG carriers, offshore plants, and its subsidiary STX Europe is in talks to build large cruiseships."

"STX is expected to be the only shipbuilder in South Korea to post higher operating margin this year than in 2010," Park added.

Published : June 15, 2011

Source: Asiasis


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