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MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  Samsung Heavy Industries Co.,Ltd    010140   KR7010140002

SAMSUNG HEAVY INDUSTRIES CO.,LTD

(010140)
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Samsung Heavy Industries : Content board scores Samsung high on FPSO construction

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03/23/2019 | 10:59pm EDT

The Nigerian Content Development and Monitoring Board (NCDMB) has said Korean shipbuilding giant, Samsung Heavy Industries (SHI), has transformed Nigeria into a hub for fabrication and integration of Floating Production Storage Offloading (FPSO) unit in Africa.

The Executive Secretary of NCDMB, Mr. Simbi Wabote, who stated this in Lagos on the local content milestones in Nigeria's oil and gas industry, noted that the massive investment of SHI in Lagos is a major breakthrough in the implementation of local content in the country.

According to him, the successful construction and local integration of the Egina FPSO in the company's fabrication yard in Lagos was a key success story in the Nigerian content initiative.

The Korean giant had set a new record on Nigerian content when it successful completed the FPSO unit, the largest floating oil platform in the world.

A number of records were broken during construction as the project was the first ever to meet Nigeria's demanding new standards for local content as attested to by the NCDMB.

Of the 18 modules in the Egina, six were fabricated in the various fabrication yards across the country, and integrated locally in the company's yard in Lagos, unlike the previous FPSOs, which were all fabricated and integrated outside the country.

© Pakistan Press International, source Asianet-Pakistan

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Financials (KRW)
Sales 2019 6 806 B
EBIT 2019 -4,42 B
Net income 2019 -78,9 B
Debt 2019 1 126 B
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020 46,99
EV / Sales 2019 0,91x
EV / Sales 2020 0,78x
Capitalization 5 060 B
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 10 119  KRW
Spread / Average Target 26%
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Managers
NameTitle
Dae-Yong Park President, Chief Executive Officer & Director
Yeon-Kyung Choi MD & Head-Production Operations Team
Dong-Seol Kim Managing Director & Head-Finance
Jae-Kwang Eom MD & Head-Production Technology Team
Boo-Ki Kim MD & Head-Chung Ang Research Institute