NH Investment cuts target for HD Hyundai Heavy Industries stock

Published on 10/14/2026 at 02:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 52.70 percent to KRW 6.33 trillion year over year. Target for HD Hyundai Heavy Industries stock fell to KRW 700,000 from KRW 720,000.

Contracts and analyst target

NH Investment lowered its target from KRW 720,000 to KRW 700,000 on October 7, 2026.
HD Hyundai Heavy Industries signed a contract for a 500MW offshore substation on October 2, 2026.
HD Hyundai Heavy Industries stock was at KRW 364,500.00 on KRX on October 14, 2026 at 9:08 a.m. KST.

HD Hyundai Heavy, KR7329180004, Illustration mit AI erstellt.

HD Hyundai Heavy Industries (KR7329180004) faced a lower analyst target after Edaily reported on October 7, 2026 that NH Investment & Securities cut its target from KRW 720,000 to KRW 700,000 while keeping a Buy rating. The change puts execution outside merchant shipbuilding at the center of the stock debate.

Quarterly growth sets the base

ATS View reported that second-quarter 2026 revenue reached KRW 6.33 trillion, up 52.70 percent year over year, while operating profit reached KRW 1.04 trillion and the operating margin was 16.40 percent. Net income was KRW 822.00 billion for the same quarter.

The comparison is material because first-quarter 2026 revenue was KRW 5.92 trillion and operating profit was KRW 905.00 billion, according to the same quarterly record. The latest figures show that earnings growth has extended beyond revenue, although the next quarter carries a lower earnings forecast.

What does the target cut change

Edaily said NH Investment expects third-quarter 2026 revenue of KRW 5.867 trillion, up 32.80 percent year over year, and operating profit of KRW 901.10 billion, up 61.70 percent. The operating-profit estimate is below a KRW 1.012 trillion consensus, while revenue and operating profit are projected to fall 7.40 percent and 13.30 percent from the second quarter.

The same report identified power-generation engines, floating data centers and specialty vessels as the areas that could broaden order growth. It also said merchant ship orders had reached USD 13.10 billion by the end of August 2026, exceeding the annual target, while ship-price growth and Chinese capacity expansion limited the near-term margin outlook.

Offshore wind adds a second track

On October 2, 2026, The Asia Business Daily reported that HD Hyundai Heavy Industries signed a contract with Taean Wind Power covering the design, procurement, manufacturing, installation and commissioning of an offshore substation for a 500MW-class wind farm. The project follows a preliminary design contract in March 2026 and a preferred supplier agreement in July 2026.

The contract gives the renewable-energy expansion a concrete project reference rather than only a strategic objective. The company also completed detailed design certification for its 500MW offshore substation model in August 2026, according to the report, creating a second operating avenue alongside its shipbuilding and engine businesses.

KRX price and valuation

HD Hyundai Heavy Industries was trading at KRW 364,500.00 on KRX on October 14, 2026 at 9:08 a.m. KST. Its market capitalization was KRW 38.2 trillion, and the 52-week range was KRW 355,500.00 to KRW 765,000.00 on the same dated quote.

Market context: Market report KOSPI.

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