Hanwha Systems stake sale seen weighing on valuation, Nomura says
Nomura analyst Eon Hwang said Hanwha Systems’ sale of most of its stake in a U.S. shipyard could weigh on valuation by 3.5 trillion won and lowered his 2027 revenue forecast by 18%.
S. 5 trillion won from its valuation, Nomura's Eon Hwang said. The analyst lowered his 2027 revenue forecast for the South Korean defense company by 18%, citing the reduced stake in Hanwha Phill…