HD Hyundai subsidiary HD Hyundai Samho secures 545.6 billion KRW order for 3 VLACs, 6.76% of annual sales
HD Hyundai's subsidiary HD Hyundai Samho has signed a contract with a European shipowner to build three Very Large Ammonia Carriers VLACs.
The contract is worth 545.6 billion KRW, equivalent to 6.76% of HD Hyundai Samho's 2025 individual revenue of 8.0714 trillion KRW.
The contract period runs from July 2026 to May 2030 and includes advance payments.
This order strengthens the earnings base of HD Hyundai's shipbuilding division and may positively impact the stock price.
[AI Summary]The large-scale ship order by an HD Hyundai subsidiary will contribute to revenue over the next four years, with no new share issuance or capital changes, thus no dilution risk. The order size at 6.76% of sales provides moderate growth momentum.
KOSPI Filing Information
Conclusion of Single Sales/Supply Contract (Major Management Matters of Subsidiary)