S.Korean shipbuilders rise on reports of Qatar's LNG plan

Dongsung Finetec

28/01/2019 01:26

** South Korean shipbuilders Hyundai Heavy Industries Co Ltd
 009540.KS , Daewoo Shipbuilding & Marine Engineering Co Ltd
 042660.KS  and Samsung Heavy Industries Co Ltd  010140.KS 
climb as much as 3.2 pct, 8.3 pct and 6.4 pct, respectively
    ** Shipyard slots in South Korea, China and Japan have been
assessed for vessels that Qatar may need to support its plans
for an additional 32 mln tonnes per annum of new liquefaction
capacity - report https://www.tradewindsnews.com/gas/1676130/qatar-starts-sounding-out-yards-for-next-blockbuster-lng-order
    ** Qatar Petroleum  QATPE.UL  visited South Korea's three
biggest shipbuilders for LNG carrier orders - local report https://www.yna.co.kr/view/AKR20190127013500003?input=1195m
    ** Reports on Qatar's LNG project lifted shares of South
Korean shipbuilders on hopes these firms would win order to
build LNG carriers for Qatar - Um Kyung-a, an analyst with
Shinyoung Securities
    ** Shares of companies which produce equipments for LNG
carriers also rise after reports - Um 
    ** Dongsung Finetec Co Ltd  033500.KQ  and Hankuk Carbon Co
Ltd  017960.KS  rise 5.9 pct and 4.2 pct, respectively
    ** Hyundai Heavy Industries Holdings  267250.KS  gains 5.8
pct after Saudi Aramco, Saudi Arabia's state-owned oil giant,
plans to buy up to 19.9 pct of South Korean unlisted refiner
Hyundai Oilbank for 1.8 trln won ($1.61 bln) from Hyundai Heavy
Industries Holdings  urn:newsml:reuters.com:*:nL3N1ZS022
    ** Broader stock market flat as of 0111 GMT

    ($1 = 1,117.9000 won)

 ((Reuters Messaging: joori.roh.thomsonreuters.com@reuters.net))