조선 빅3, 드디어 돈 벌기 시작했다… 슈퍼사이클 기대감은 과열일까 기회일까ㅣ명민준, 강아랑, 엄경아 [주린이 구조대]

Watch on YouTube ↗  |  May 12, 2026 at 13:30  |  51:10  |  3PRO TV (삼프로TV)
Speakers
Eom Kyeong-ah — Research Fellow

Summary

Shinhyung Securities analyst Eom Kyeong-ah discusses the Q1 earnings of Korea's top three shipbuilders and argues the supercycle is far from over. She recommends buying HD Hyundai Heavy Industries as the leader, citing strong order backlogs, LNG demand, US collaboration, and AI data center engine opportunities.

  • HD Hyundai Heavy Industries reported strong Q1 earnings with double-digit margins.
  • Order backlogs from 2023 at higher prices support earnings growth through 2028.
  • LNG carrier demand is surging due to US export approvals and Middle East disruption.
  • US naval and commercial shipbuilding needs could drive additional orders for Korean yards.
  • Marine engines adapted for AI data center power generation offer a new revenue stream.
  • The analyst recommends buying HD Hyundai Heavy Industries as the sector leader.
  • Samsung Heavy Industries and Hanwha Ocean have different focuses but are not preferred.
  • The shipbuilding earnings cycle is estimated to be only about halfway through.
Trade Ideas
Eom Kyeong-ah Research Fellow 6:11
Buy the shipbuilding cycle leader
The shipbuilding earnings cycle is only about halfway through, with order backlogs from 2023 at higher prices driving margin expansion through 2027-28. Additional catalysts include massive LNG carrier demand from US export approvals and Middle East disruption, potential US naval/commercial shipbuilding collaboration, and new revenue from marine engines adapted for AI data center power generation. HD Hyundai Heavy Industries, as the all-round leader with its own engine division, is the best way to play this supercycle.
329180.KS HIGH
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3PRO TV (삼프로TV) · May 12

This 3PRO TV (삼프로TV) video, published May 12, 2026, features Eom Kyeong-ah discussing 329180.KS. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Eom Kyeong-ah  · Tickers: 329180.KS