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Samsung Heavy Industries

Samsung Heavy Industries Secures 284.9 Billion KRW Order for Two Oil Tankers from Bermuda-Based Owner, Bolstering Revenue Stability

  • Samsung Heavy Industries has signed a contract with a Bermuda-based shipowner for the construction of two oil tankers.
  • The contract value is approximately 284.9 billion KRW, equivalent to 2.7% of its latest annual revenue of 10.65 trillion KRW, based on an exchange rate of 1,531.8 KRW per USD.
  • The contract period runs from July 7, 2026 to May 15, 2029, based on delivery date, subject to changes in construction progress.
  • [AI Summary]This order contributes to stable revenue but is not large enough to significantly impact the stock price. Investors should consider currency risk and potential construction delays.

KOSPI Filing Information

  • Conclusion of a Single Sales and Supply Contract
  • Company: Samsung Heavy Industries (010140)
  • Submission: Samsung Heavy Industries Co., Ltd.
  • Under KRX KOSPI Market Division
  • Shares: 880,000,000
  • Price: 23,700 KRW
  • Market Cap: 20,856 B KRW

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