Hanwha Ocean fell more than 6% during intraday trading on the 18th, retreating to the 125,000-won level. That day, the stock traded at 125,100 won, down 8,000 won from the previous trading day. Profit-taking movements across shipbuilding stocks, which had recently risen sharply, combined with somewhat dampened investor sentiment.

However, the securities industry continues to focus on Hanwha Ocean's long-term growth potential. In a recent report, iM Securities maintained a "Buy" rating and a target price of 167,000 won for Hanwha Ocean. The securities firm stated that "mid-to-long-term order momentum remains valid," positively evaluating the stable profitability of the commercial vessel segment and the expansion of the order backlog.

The analysis that the commercial vessel segment is trending favorably is gaining traction. Profitability in the commercial vessel business for the first quarter of this year is assessed to be at the top tier in the industry, with the order backlog gradually expanding.

The expansion of special vessels is also cited as a key investment point. There is speculation that if the government's nuclear-powered submarine project gains full momentum, Hanwha Ocean, with its submarine construction experience and technological capabilities, could play a central role. The Canadian next-generation submarine project is also an important variable. The industry expects the project results to be announced later this month, and quite a few observers see a high possibility of the Korean shipbuilding industry securing orders. If the orders materialize, Hanwha Ocean is expected to secure a stable volume of special vessel orders over the long term.

The market analysis suggests that despite short-term stock price corrections, the business structure encompassing commercial vessels, defense, and special vessels could serve as a factor enhancing future earnings stability. Accordingly, investors continue to monitor global ship ordering trends and the progress of major defense projects.

[This is an AI-assisted article. The information provided is for general guidance only, and final decisions and choices require personal responsibility and careful consideration. For important matters, it is recommended to seek expert advice. This publication bears no responsibility.]