Hyundai Heavy Industries (HHI) is expected to return to an operating profit in the first quarter - the first time in two years it will have posted a positive result.

Its shares rose 4.8% as analyst Kim Hong Gyun, of Dongbu Securities, said in a report the yard group could also win more offshore construction work this year.

The operating loss was cut to KRW 678bn ($557m) in the third quarter, from KRW 1.93