SK Securities Cuts Hanwha Ocean Price Target to 134,000 Won on CPSP Submarine Project Failure

According to SK Securities on July 11, the brokerage cut Hanwha Ocean's price target to 134,000 won from 175,000 won following the failed Canadian submarine project (CPSP) order. The firm highlighted that securing marine plant orders and global naval ship contracts in the second half of 2026 will be critical to alleviating concerns about the marine division's losses.
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