Hanwha Systems sells 7.24 percent of Hanwha Ocean stock

Published on 10/20/2026 at 01:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

A KRW 1.3834 trillion block trade covers 22.17 million shares. Kiwoom set a KRW 119,000 target for Hanwha Ocean stock on October 19, 2026.

Capital release meets earnings pressure

Hanwha Systems decided on October 16, 2026 to transfer 22,169,660 Hanwha Ocean shares.
Kiwoom's October 19, 2026 forecast put third-quarter revenue at KRW 3.3386 trillion.
Hanwha Ocean's market capitalization was KRW 19.7 trillion as of October 19, 2026.

Hanwha Ocean, KR7042660001, Illustration mit AI erstellt.

Hanwha Ocean (ISIN KR7042660001) faces a fresh ownership shift after Hanwha Systems decided to transfer 22,169,660 shares, equal to 7.24 percent of the shipbuilder, in a transaction valued at KRW 1.3834 trillion. According to Chosunbiz on October 18, 2026, cash settlement is scheduled for October 21, 2026. The deal adds a clear capital-market event to a period of softer earnings expectations.

Stake transfer changes the backdrop

The transfer follows Hanwha Systems' decision to liquidate its remaining Hanwha Ocean holding through a block trade and a one-year price return swap. Chosunbiz reported that the transfer price reference was KRW 62,400, while the April transaction had used KRW 128,000. The structure leaves Hanwha Systems exposed to future settlement obligations if Hanwha Ocean's stock price declines.

Three target changes set the tone

On October 14, 2026, LS Securities cut its target from KRW 120,000 to KRW 90,000 while retaining a Buy rating, according to Seoul Economic Daily. On October 15, 2026, IBK Investment and Securities kept its KRW 120,000 target and projected third-quarter revenue of KRW 3.4314 trillion, according to EDAILY.

On October 19, 2026, Kiwoom Securities lowered its target to KRW 119,000 and kept its Buy rating, according to Aju Press. The sequence shows a split view: longer-term order prospects remain constructive, while near-term profitability is being marked down.

What does the forecast mean?

Kiwoom expects Hanwha Ocean's third-quarter revenue to reach KRW 3.3386 trillion, up 10.40 percent from a year earlier, with operating profit at KRW 505.3 billion, up 74.40 percent. The projected operating margin is 15.10 percent, below market expectations, as fewer working days, a stronger Korean won and fixed costs weigh on results, Aju Press reported on October 19, 2026.

Next dates include cash payment

The block-trade payment is scheduled for October 21, 2026, according to Chosunbiz. Separately, partial strikes involving Hanwha Ocean workers are planned from October 21 through October 23, 2026, according to Seoul Economic Daily.

Capitalization and contract risk

Hanwha Ocean's market capitalization was KRW 19.7 trillion as of October 19, 2026, while its 52-week range was KRW 61,200.00 to KRW 154,800.00. The ownership transaction therefore arrives alongside a valuation backdrop shaped by both improving annual earnings forecasts and immediate execution risks in labor, currency and special-vessel operations.