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STX Dalian IPO plan rosy

Author: Posttime:2010-12-10 08:17:37
Lee Jong-hwan, an analyst at Shinhan Investment, revealed in the business analysis report on Korea's STX Dalian Shipbuilding Complex that STX Dalian would probably receive a high praise for its enterprise value.

"When STX Dalian, which is currently aiming to be listed in the Hong Kong stock market in 2012, goes public, its high enterprise value can be applied," he prospected.

He continued as saying, "considering the analysis on the listing of China's Jiangsu Rongsheng Heavy Industries in the Hong Kong stock market, STX Dalian has a high possibility of successful listing in the Chinese and Hong Kong stock market."

STX Dalian has established the only integrated production system in China, and its annual total of deliveries will reach 20 vessels for this year.

When the yard expands its building capacity in the future, its annual newbuilding output will reach the level of 1.5m tons.

As of December 2010, the yard holds 65 vessels including offshore units on its orderbook, and its total of new orders for 2010 reaches around 13 vessels.

source:asiasis
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