The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.The Biden administration has been emphasizing the importance of SMRs. According to the DOE report released in 2023, the US is targeting to expand its nuclear power capacity (including SMRs) by 200GW
Lotte Construction and Hyundai Engineering have shown interest in Ukraine's post-war reconstruction and petrochemical projects.On May 16, the Ukrainian Ministry of Economic Development announced during the Korea-Ukraine Future Cooperation Meeting held at the Chamber Lounge of the Korea Chamber o
The author is an analyst for Shinhan Securities. He can be reached at hyon@shinhan.com -- Ed.1Q23 OP misses market consensus at KRW11.9bn (-52.3% QoQ)Doosan Tesna reported operating profit of KRW11.9bn (-52.3% QoQ) on sales of KRW74.6bn (-20.2% QoQ) for 1Q23, falling short of the market consensus of
Doosan Enerbility announced on May 15th that it has begun the production of main components for Shin Hanul Units 3 and 4 at its Changwon headquarters.The event was attended by key figures from the government, local authorities, contractors, and partner companies, including Minister of Trade, Industr
The author is an analyst for NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.Doosan Corp’s growth potential has strengthened on stable in-house business centered on the electronics division, consolidation of Doosan Tesna earnings, and improvements in business conditions
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.We continue to recommend KOGAS and KEPCO KPS in May on city gas tariff hike and 1Q23 earnings expectations, respectively. Nuclear plays are likely to perform sluggishly due to the end of the US-Ko
Doosan Fuel Cell’s sales for 1Q23 proved somewhat disappointing. Reflecting conservative guidance for 2023, we downwardly adjust our 2023 sales estimate and in turn lower our TP. Share price rebound momentum is to hinge upon hydrogen power tender results to be announced in 2H23.Lower TP to reflect e
Doosan Enerbility has solidified its position as a global SMR foundry in the United States, a leading market for small modular reactors (SMRs).On April 25 (local time), Doosan Enerbility’s executives met with the CEOs of NuScale Power and X-energy in Washington, D.C., to discuss future business coop
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.Korean President Yoon Suk-yeol’s visit to the US should serve as a catalyst to strengthen the two countries’ SMR partnership. Elsewhere, SMR developer Holtec has signed an SMR deal with Ukraine’s E
President Yoon Suk-yeol attended a U.S.-South Korea business conference in Washington D.C. on April 25. He was accompanied by Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman Chung Eui-sun, LG Group Chairman Koo Kwang-mo and Lotte Group chairman
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.KEPCO KPS’s 1Q23 OP likely beat consensus, driven by deferred sales and labor cost savings. At a time when Korea and the US are forecast to strengthen nuclear cooperation and Eastern Europe and the
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.As in February, the March pre-sale market showed variation in sales interest by site. Despite a difficult market environment, pre-sales proved relatively solid for sites with a high portion of asso
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed.Although the decision to raise electricity and city gas rates in 2Q23 has been put on hold, investment focused on the need for rate hikes remains valid.EU energy market in last week of MarchOver M
Doosan Corp. announced on April 3 that it has signed a joint development agreement (JDA) with US polymer materials manufacturer Ionic Materials to develop high-functional advanced materials using liquid crystal polymers (LCPs).LCPs are a polymer that exhibits liquid crystalline properties in a liqui
Doosan Mobility Innovation (DMI) announced on March 30 that it has signed a partnership with the Massachusetts Institute of Technology's Electric Vehicle Team (MIT EVT) to jointly develop motorcycles powered by hydrogen fuel cells.The hydrogen motorcycle to be developed by the two sides this tim
The first large-scale supply contract for nuclear power generation in Korea in about 10 years has injected strong new vitality into Korea’s nuclear power plant ecosystem. Doosan Enerbility announced on March 29 that it has signed a contract to supply the main equipment needed for Shin Hanul Units 3
Korea Hydro & Nuclear Power (KHNP) is holding a science and technology event from March 28 to 31 at the KHNP headquarters and the facilities of nuclear power-related organizations by inviting experts from countries that are operating nuclear power plants.The International Atomic Energy Agency (IAEA)
Doosan Bobcat announced on March 24 that it participated in ProMat 2023, a logistics exhibition that ran in Chicago in the state of Illinois in the United States from March 20 to 23.Five of the nine products on display were Bobcat forklifts with both Doosan and Bobcat logos hanging side by side on t
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.Starting with Kori #2 (2033), 14 NPPs with a combined capacity of 12.5GW are to exceed 50 years of design life by 2050. The average useful life of NPPs in operation will rise to 30 years by 2035, a
Doosan Enerbility has succeeded in winning consecutive orders from the Central Asian LNG-fired power generation market.Doosan Enerbility announced on March 22 that it received a notice to proceed (NTP) from Harbin Electric International (HEI), a Chinese EPC company, to supply equipment and materials