HD Korea Shipbuilding & Offshore Engineering (009540) was trading at 265,000 won during the session on the 19th. That day, Kiwoom Securities released its outlook on HD Korea Shipbuilding & Offshore Engineering, predicting that this year's orders in the commercial ship segment would exceed the annual target. However, it forecast that third-quarter operating profit would fall short of market expectations.

■ Q3 Earnings: Working Days and Exchange Rate as Burden Factors

Kiwoom Securities' estimated Q3 operating profit for HD Korea Shipbuilding & Offshore Engineering is 1.4938 trillion won. The firm analyzed that reduced working days and a stronger won would affect the performance of major shipbuilding subsidiaries.

By subsidiary, it judged that the earnings of HD Hyundai Heavy Industries and HD Hyundai Samho would be somewhat weak. It cited a decrease in available working days for production and changed exchange rate conditions as burden factors for quarterly earnings.

■ Commercial Ship Orders: "Likely to Exceed Annual Target"

The assessment of orders was positive. Kiwoom Securities saw it as likely that this year's commercial ship segment would surpass its annual order target. In particular, it noted that orders are increasing significantly in Southeast Asian hub regions, centered on the Singapore subsidiary.

This analysis presented quarterly earnings and annual order trends separately. While working days and exchange rate effects were expected in Q3, commercial ship orders were assessed as highly likely to exceed the annual target.

However, the operating profit of 1.4938 trillion won and the achievement of exceeding the order target are merely the securities firm's projections. Actual earnings and order performance must be confirmed through future company announcements.

[This article was written with the assistance of AI and is not intended to solicit investment. Securities firms' earnings and order forecasts may differ from actual results, and share prices may fluctuate during the session. Investment decisions and any resulting responsibility rest with the investor.]