Hyundai Heavy Industries, DSME and Samsung Heavy Industries saw their stock price progress after state-run Kogas released the KRW 1.3 trillion ($1.28bn) tender.
“The only way they can go now is up,” Park Moo Hyun, an analyst at Hana Daetoo told Bloomberg
“Earnings can’t get any worse than the second quarter. The bright side to this is that there is still strong demand for new ships.”
HHI
