16SEP2019 - NEWS - Shipbuilders rising on strong order intakes

Share prices of local shipbuilders are sailing higher following massive orders in recent months, industry analysts have stated last week. Shares in Korea Shipbuilding & Offshore Engineering Co., which manages shipbuilding units of Hyundai Heavy Industries Group, closed at 122,200 won on Wednesday, up 26 percent from one month earlier. Samsung Heavy Industries Co. rose 19.7 percent on-month to end at 8,140 won, while Daewoo Shipbuilding & Marine Engineering Co. jumped 23 percent on-month to close at 30,300 won.