HD Hyundai Heavy stock fell 1.27 percent after labor vote failed

Published on 10/04/2026 at 23:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HD Hyundai Heavy stock faced a labor setback after a 52.14 percent union rejection on October 2, 2026. Q2 revenue rose 52.7 percent to KRW 6,332.2 billion.

HD Hyundai Heavy, KR7329180004, Illustration mit AI erstellt.

HD Hyundai Heavy Industries (ISIN KR7329180004) was last at KRW 426,000 on the Korea Exchange KOSPI market on October 2, 2026 at 3:30 p.m. KST, down 1.27 percent from the prior session. The decline followed a union vote that rejected the shipbuilder's tentative wage agreement, with 52.14 percent of participating members voting against it, according to Aju Press on October 2, 2026.

Labor vote offsets operating strength

The vote involved 7,541 participants from a union membership of 8,100. The proposed package included a monthly base-pay increase of KRW 120,000, a one-time bonus of KRW 11 million and a combined payment effect of KRW 40.56 million per member, according to Aju Press.

The labor dispute matters because it arrives alongside rapid profit expansion. A prolonged renegotiation could affect cost visibility and execution at a time when the company's reported margins are improving.

Q2 revenue reached KRW 6,332.2 billion

HD Hyundai Heavy Industries reported Q2 2026 revenue of KRW 6,332.2 billion, up 52.7 percent from Q2 2025. Operating profit reached KRW 1,039.9 billion, an increase of 120.6 percent year over year, while net profit rose to KRW 822.1 billion, according to Frontier.

The operating result implies a 16.4 percent margin for the quarter, compared with 11.4 percent in Q2 2025. That comparison gives the stock a sharper earnings story than revenue growth alone, but it also raises the importance of labor costs and order execution for future quarters.

Offshore wind adds a new order channel

On October 1, 2026, the company signed an EPCIC contract for a substation serving a planned 500-megawatt Taean offshore wind farm. The scope covers engineering, procurement, fabrication, installation and commissioning, according to Seoul Economic Daily.

The project extends HD Hyundai Heavy Industries beyond conventional shipbuilding into offshore power infrastructure. Its 500-megawatt scale and full EPCIC scope give the contract strategic relevance, although the reported article does not disclose its value.

Consensus target stays above KRW 800,000

Marketscreener listed a Buy consensus from 22 analysts on September 11, 2026, with an average price target of KRW 823,772.73, according to Marketscreener. The average target lies 93.37 percent above the October 2 price of KRW 426,000.

The same coverage reported that Nomura raised its target to KRW 560,000 from KRW 550,000 while maintaining a Buy rating. The range between the market price and published targets shows how strongly analysts are relying on continued order conversion, while the wage dispute supplies a concrete counter-factor.

Stock sits 44.31 percent below yearly high

HD Hyundai Heavy Industries had a 52-week range of KRW 275,500 to KRW 765,000 on October 2, 2026. Its market capitalization was KRW 44.7 trillion and trading volume reached 212,937 shares on that date.

At KRW 426,000, the stock stood 44.31 percent below its 52-week high. The market is therefore weighing a 52.7 percent revenue increase and a new offshore wind contract against labor uncertainty and the distance from the yearly peak.