Report

Container shipping equities

According to preliminary figures, HMM reported a full-year 2020 revenue of KRW 6.41tr (USD 5.43bn) registering annual growth of 16% YoY. The growth in sales helped it generate an operating profit of KRW 981bn (USD 830mn) for 2020, at a margin of 15%. The company also reported a net profit of KRW 124bn (USD 105mn) after a gap of six years, largely driven by the stellar performance in 4Q20 when sales grew 48% against 4Q19.
Underlying
Provider
Drewry Maritime Equity Research
Drewry Maritime Equity Research

Drewry, since 1970, has been providing research and advisory services on the global Maritime and Shipping industries and has established itself as a firm with long history of credibility and expertise on various aspects of the maritime industry. Leveraging this in-depth market knowledge and understanding, we have extended our offering to deliver a unique, independent investment research service on globally listed companies operating in the maritime industry. Under the brand Drewry Maritime Equity Research and in accordance with the FCA, DMER led by Rahul Kapoor and his team, offers fundamental analysis on listed companies. DMER analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. By combining these market-leading resources with seasoned sector expertise and commercial awareness, we are able to offer a highly differentiated and comprehensive investment research service to prospective investors in listed maritime companies. We look at globally listed companies within the following sectors: Port Operators, Container Shipping, Container Manufacturing & Leasing, LNG Shipping, Dry Bulk Shipping and Tanker Shipping. Combine in-depth sector expertise with financial analysis focusing on over 50 stocks globally.

Analysts
Nilesh Tiwary

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