External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>For 3Q25, HMM posted revenue of W2.71tr (-23.8% YoY). Container revenue fell 27% YoY, driving overall top-line weakness.</li><li>While volume on US routes was soft (-4% YoY), strong growth on European routes (+63% YoY) led to a 4% YoY increase in total container volume.</li><li>However, this was not enough to offset a 38% YoY drop in freight rates. </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>

For 3Q25, HMM posted revenue of W2.71tr (-23.8% YoY). Container revenue fell 27% YoY, driving overall top-line weakness.While volume on US routes was soft (-4% YoY), strong growth on European routes (+63% YoY) led to a 4% YoY increase in total container volume.However, this was not enough to offset a 38% YoY drop in freight rates. 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.

HMM (011200 KS/Buy)Container Margins Recovering

HMM Co., Ltd.

HMM (011200 KS/Buy)Container Margins Recovering