Companies / 009540
KRXHD Korea Shipbuilding & Offshore Engineering (009540) in our theses
HD Korea Shipbuilding & Offshore Engineering appears in one of our theses. Below is why it entered the basket and how it has done since publication.
America Wants to Rebuild Its Fleet but Has No Shipyards: Orders, US Navy Overhauls, and Margins Flow to Korea
Tariffs on Chinese vessels, the MASGA package, and docks booked through 2029: Korean shipyards capture global orders and enter a phase of record margins.
Why this company: Holding company of the world's largest shipbuilding group (Hyundai Heavy, Samho, Mipo). The order book extends to 2029, and vessel deliveries from the high-priced 2022–2024 backlog drive margin expansion across the group.
Where these numbers come from
The reference price is recorded on the thesis publication date and never changed afterwards. The current price is refreshed several times a day. Returns are in the listing currency and exclude dividends, so for dividend payers the real total return was somewhat higher.
This is not a recommendation to buy or sell. A company enters a basket as a beneficiary of the mechanism described in the thesis, and the full argument is on each thesis page.
See all of our theses
Each with a publication date, a causal map and a score assigned before the market ruled.
Open in Invesaro →