Monday, October 15, 2012

HMD backlog rebounds

HMD backlog rebounds

Hyundai Mipo Dockyard has scored to make a rebound its backlog during the third quarter of this year.

Analyst Choi Kwang-Sik of LIG Investment & Securities said that orders for product carriers, PCTCs, etc., contracted in Q3 pushed Hyundai Mipo's orderbook to turn around.

And he forecasted that with Chinese shipyards' restructuring and outstanding long-term prospect for product carrier market in 2014-2015, the Korean shipbuilder will definitely mark rally during the fourth quarter of 2012 and next year.

Meanwhile, Choi said Hyundai Mipo's profitability has hit the bottom in Q2, but operating margin will increase by 0.7% points on previous quarter to 3.2% in the third quarter.



Published : October 10, 2012


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