Listed in Seoul Korea, Doosan Engine Co Ltd SEO:082740 has been upgraded to a strong buy with a 2012 price target of 40,000 KRW issued today by Shayne Heffernan.
Currently trading at a low valuation the company has a strong regional future Shayne Heffernan said in a research note to clients yesterday.
Doosan Engine Co Ltd announced that it expects its fiscal year 2011 revenue and operating profit to record KRW 2,019.1 billion and KRW 259.8 million, respectively.
Doosan Engine Co., Ltd is a Korea-based company engaged in the manufacturing of marine diesel engines. The Company’s marine diesel engines include low speed diesel engines for large containerships, bulk carriers, crude oil carriers, very large crude carriers (VLCCs), ultra large crude carriers (ULCCs) and other tankers, and medium speed diesel engines, which are used as propulsion systems for special-purpose vessels and also used as backup generators at nuclear power plants. It also provides diesel engines for power plants, and marine diesel engine parts.
Source: Live Trading News
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