External broker reports(aggregated public sources), Daishin Securities

Daishin Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

HD Hyundai Heavy Industries  / Equity Bottom-Up

<ul><li>HD HHI’s merger of HD HMD through absorption to unlock stronger synergy</li><li>Aims to build new shipyards and expand defense businesses with policy support</li><li>Efficiency-led CAPA expansion underscores both qualitative &amp; quantitative growth</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

HD HHI’s merger of HD HMD through absorption to unlock stronger synergyAims to build new shipyards and expand defense businesses with policy supportEfficiency-led CAPA expansion underscores both qualitative &amp; quantitative growthContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HD Hyundai Heavy Industries (329180 KS) - HD Hyundai Mipo Merger Takeaways