Hyundai Heavy Industries (HHI) is expected to break a financial losing streak that has stretched over nine consecutive quarters.
The world’s largest shipbuilder is forecast to return to profit in the first quarter of 2016, according to Japanese investment bank Nomura.
“Although Korean shipbuilders are suffering from weak order momentum and offshore project delays, we think Hyundai is in an early phase of earnings recovery with its solid refinery business,” say Nomura analysts Jaehyung Choi and Angela Hong.
They
