HHI, the global number-one shipbuilder, is to be listed on the Kospi in September. Although it boasts superior competitiveness (versus rivals), its IPO price represents a lower P/B than the global peer group average. Noting a ship replacement cycle and strong environment regulations, our post-listing share price outlook is upbeat. IPO price: W52,000~W60,000 (P/B 0.8x~0.9x …

The post HHI: Return of Global No. 1 Shipbuilder first appeared on Hellenic Shipping News Worldwide. Source