Korea Hydro & Nuclear Power (KHNP) announced on Nov. 11 that it has begun a site assessment for a new nuclear power plant project in Poland.KHNP formed a site survey team with related companies, including KEPCO Engineering & Construction. The team visited Pątnów Nuclear Power Plant, the site of a ne
Doosan Enerbility announced on Nov. 10 that it has signed a 1.6-trillion-won contract with Korea Hydro & Nuclear Power (KHNP) to build turbine islands for the El-Dabba Nuclear Power Plant in Egypt. This is the first time Doosan Enerbility has won an overseas nuclear power plant construction project
- Vietnamese subsidiary Doosan Vina signs supplier agreement for offshore wind turbine substructure with Ørsted- Vietnam’s offshore wind power market forecast to grow to 7GW by 2030Doosan Enerbiity announced on Nov. 3 that its Vietnamese subsidiary Doosan Vina had signed a memorandum of understandin
Doosan Enerbility announced on Oct. 26 that it has signed a memorandum of understanding (MOU) with EOS, the Germany-based global leader of metal 3D printing, on pursuing cooperation in the areas of technology development and marketing.In attendance at the MOU signing ceremony which was held at the E
Doosan Enerbility is developing a combustor for a hydrogen turbine in a government-sponsored project. Its goal is to secure a 50-percent hydrogen co-firing turbine by 2025 and a 100 percent hydrogen power generation turbine by 2027.Doosan Enerbility is strengthening technological cooperation with co
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Doosan Enerbility is a maker of key equipment for large-scale NPPs, SMRs, and offshore wind projects, which are all to be essential in achieving energy security. We believe that the company’s som
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Nuclear power returnsDuring the oil crises of the 1970s, NPPs started to be recognized as a way to resolve both high energy costs and security issues. But, following both the Three Mile Island ac
An eco-friendly hydrogen combustor for domestic gas turbine that reduces carbon dioxide emissions has been developed and will be undergoing field test.The Korea Institute of Machinery and Materials (KIMM), an institute under the jurisdiction of the Ministry of Science and ICT, announced on Oct. 18 t
The author is an analyst of KB Securities. He can be reached at newday@kbfg.com. -- Ed. Lower target price to KRW37,500; maintain BUY We lower our 12m TP by 11.8% from KRW42,500 to KRW37,500 (12m fwd BVPS x 0.78x target P/B). Changes in beta and yields on 1y monetary stabilization bond (RFR) and 30y
The International Contractors Association of Korea announced on Sept. 27 that South Korean construction companies’ new overseas contracts for the first nine months of this year add up to US$22.4 billion, up 28.7 percent from a year ago, and the volume increased by more than US$10 billion in the thir
Doosan Enerbility is expanding its presence in Saudi Arabia by winning a series of construction orders, including a combined heat and power plant, a casting and forging plant, and a seawater desalination plant.The aggregate value of the contracts it has clinched from Saudi Arabia so far this year ex
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. Doosan Corp’s liquidity issues have been successfully addressed. Moving ahead, growth potential should strengthen for the firm on stable in-house business (led by electronics), recognition of T
South Korean shipbuilders are accelerating the development of hydrogen fuel cell ships, which are driven by fuel cell-based electricity instead of internal combustion engines.A marine fuel cell developed by Samsung Heavy Industries and Bloom Energy is in the process of American Bureau of Shipping (A
South Korean conglomerate heads born in the 1950s, who led the industrialization of the country, are retiring one after another. The current mainstream is those born in the 1960s, those born in the 1970s are emerging, and those born in the 1980s are following them.In Hanwha Group, the seventh-larges
Land, Infrastructure and Transport Minister Won Hee-ryong had a meeting with construction companies on Aug. 10 and announced that the government would provide more support so that their overseas construction business can be further expanded.The government has set this year's overseas constructio
Doosan Enerbility will build a seawater desalination plant worth 840 billion won in Saudi Arabia.The company said on Aug. 3 that it signed a contract with Shuaibah Three Water Desalination Co., a special purpose company established by ACWA Power, for the construction of the Shuaibah 3 seawater desal
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. Doosan Corp’s liquidity issues have been successfully addressed. Going forward, growth potential is to strengthen for the firm thanks to stable in-house businesses (led by electronics), recogni
The author is an analyst of KB Securities. He can be reached at newday@kbfg.com. -- Ed. 2Q22 delivers an earnings surprise— Doosan Bobcat posted 2Q22 consolidated (K-IFRS) revenue of KRW2.22tn (+72.8% YoY) and OP of KRW309.5bn (+120.9% YoY; 14.0% OPM).— Revenue beat consensus by 23.2%, OP by 54.5%,
The author is an analyst of KB Securities. She can be reached at hyejung.jung@kbfg.com. -- Ed. 2Q22P OP of KRW800mn (-23.6% YoY) due to order resumption— Doosan Fuel Cell posted preliminary 2Q22 revenue of KRW74.1bn (+33.3% YoY, +44.6% QoQ), OP of KRW800mn (-23.6% YoY, turn to black QoQ) and NP (att
Doosan Enerbility announced on July 7 that it has obtained an ISO 19443 certificate from TUV SUD, demonstrating its ability to provide products and services for nuclear power plant projects in compliance with the international nuclear safety standard.ISO 19443 is an international standard applicable