Latest news with #HyundaiRotem
Korea Herald
22-05-2025
- Business
- Korea Herald
Korea pushes tech edge in $13.6b UAE rail bid over China
Transport minister cites Korea's strengths in tech transfer, timely delivery, while acknowledging China's pricing advantage LEIPZIG, Germany — South Korea's transport minister highlighted the country's edge over China in railroad technology in the lead-up to a major export bid with the United Arab Emirates. 'Except for price, Korea holds a competitive edge in the other two criteria — technology transfers to the UAE and completing the project on time,' Land, Infrastructure and Transport Minister Park Sang-woo told The Korea Herald on the sidelines of the International Transport Forum 2025 in Leipzig, Germany, Wednesday. 'Our strategy underscores not only quality but also sharing technology, which is our key strength. In contrast, China's competitive edge lies in price.' While acknowledging that price remains the most critical factor, Park emphasized Korea's strength in technology transfer. He noted that although Korea has its own railroad technology, it has adopted European standards, as requested by Abu Dhabi, to facilitate localization. Historically, the UAE's railroad market has been dominated by companies such as France's Alstom and Spanish firms like Talgo. Park pointed to Korea's proven track record in international rail deals. Reflecting on his state trip to Prague on May 7, he said, 'The Czech Prime Minister told reporters that Korea outpaced France in all three evaluation criteria.' Park had visited Prague with the industry minister in anticipation of signing an $18 billion nuclear plant deal, which was later temporarily suspended due to a preliminary injunction by a regional court at the request of France's EDF, the unsuccessful bidder. In February, a Korean consortium — comprising Korea National Railway, Korail, Hyundai Rotem, and Posco E&C — passed the prequalification process for the UAE high-speed rail project, officially entering the bidding competition. The $13.6 billion project aims to connect a 152-kilometer section between Abu Dhabi and Dubai, covering infrastructure such as roadbeds and train systems. Korea intends to bid for both categories, Park confirmed. 'Although the result of the bidding remains uncertain, I traveled to Abu Dhabi last month to engage with Etihad Rail, the UAE contractor. The discussions with the CEO and chairman of the board were very encouraging,' said Park. He also noted that winning the UAE bid, which uses European-standard railway systems, could boost Korea's credibility in other international markets, including Vietnam, which is planning a $67 billion North-South express rail project. The official bidding process for the Vietnamese project is expected to begin in July or August. Starting with Uzbekistan in 2024, Korea has achieved notable milestones in overseas railway contracts, with cumulative orders valued at approximately 2.5 trillion won ($1.8 billion). Notably, a consortium led by Hyundai Rotem — the railway and defense systems arm of Hyundai Motor Group — and the state-run Korea Railroad Corporation landed a record-breaking high-speed train deal with Morocco in February. Meanwhile, Minister Park also participated in a closed-door ministerial meeting at the ITF, where he shared Korea's insights on consumer subsidy policies for electric vehicles and hydrogen-powered railway systems as part of its future mobility initiatives.
Korea Herald
22-05-2025
- Business
- Korea Herald
Korea highlights tech edge over China in $13.6b UAE rail bid
Transport minister cites Korea's strengths in tech transfer, timely delivery, while acknowledging China's pricing advantage LEIPZIG, Germany — South Korea's transport minister highlighted the country's edge over China in railroad technology in the lead-up to a major export bid with the United Arab Emirates. 'Except for price, Korea holds a competitive edge in the other two criteria — technology transfer to the UAE and completing the project on time,' said Land, Infrastructure and Transport Minister Park Sang-woo on the sidelines of the International Transport Forum 2024 in Leipzig, Germany, on Wednesday. 'Our strategy underscores not only quality but also sharing technology, which is our key strength. In contrast, China's competitive edge lies in price.' While acknowledging that price remains the most critical factor, Park emphasized Korea's strength in technology transfer. He noted that although Korea's railroad technology has aligned with European standards, as requested by Abu Dhabi to facilitate localization. Historically, the UAE's railroad market has been dominated by companies such as France's Alstom and Spanish firms like Talgo. Park pointed to Korea's proven track record in international rail deals. Reflecting on his state trip to Prague on May 7, he said, 'The Czech Prime Minister told reporters that Korea outpaced France in all three evaluation criteria.' Park had visited Prague with the industry minister in anticipation of signing an $18 billion nuclear plant deal, which was later temporarily suspended due to a preliminary injunction by a regional court at the request of France's EDF, the unsuccessful bidder. In February, a Korean consortium — comprising Korea National Railway, Korail, Hyundai Rotem, and Posco E&C — passed the prequalification process for the UAE high-speed rail project, officially entering the bidding competition. The $13.6 billion project aims to connect a 152-kilometer section between Abu Dhabi and Dubai, covering infrastructure such as roadbeds and train systems. Korea intends to bid for both categories, Park confirmed. 'Although the result of the bidding remains uncertain, I traveled to Abu Dhabi last month to engage with Etihad Rail, the UAE contractor. The discussions with the CEO and chairman of the board were very encouraging,' said Park. He also noted that winning the UAE bid, which uses European-standard railway systems, could boost Korea's credibility in other international markets, including Vietnam, which is planning a $67 billion North-South express rail project. The official bidding process for the Vietnamese project is expected to begin in July or August. Starting with Uzbekistan in 2024, Korea has achieved notable milestones in overseas railway contracts, with cumulative orders valued at approximately 2.5 trillion won. Notably, a consortium led by Hyundai Rotem — the railway and defense systems arm of Hyundai Motor Group — and the state-run Korea Railroad Corporation landed a record-breaking high-speed train deal with Morocco in February. Meanwhile, Minister Park also participated in a closed-door ministerial meeting at the ITF, where he shared Korea's insights on consumer subsidy policies for electric vehicles and hydrogen-powered railway systems as part of its future mobility initiatives.
Korea Herald
21-05-2025
- Automotive
- Korea Herald
Hyundai Rotem to showcase MUM-T capabilities at naval defense exhibition in S. Korea
Hyundai Rotem Co., said Wednesday it will showcase its advanced manned-unmanned teamingcapabilities for amphibious military operations at the 2025 International Maritime Defense Industry Exhibition later this month. The defense equipment and rail system arm of Hyundai Motor Group said it will participate in the biennial naval defense trade show set to take place from May 28-31 at BEXCO in South Korea's southern port city of Busan. At 2025 MADEX, Hyundai Rotem plans to highlight its MUM-T technologies and products tailored for amphibious missions that bridge both land and sea operations. MUM-T refers to a battlefield integration strategy that enables manned vehicles or personnel to work in coordination with unmanned systems, such as drones or unmanned ground vehicles. Hyundai Rotem will showcase the HR-SHERPA, a next-generation multipurpose unmanned ground vehicle, which can be equipped with a variety of mission-specific payloads. Since its introduction in 2018, the HR-SHERPA has gone through various upgrades, with the fourth-generation model launched last year. The company will also display the export variant of its K2 battle tank, the K2EX, as well as a prototype of its next-generation tank currently under development. "We aim to strengthen our global presence in future battlefield systems with the HR-SHERPA and other advanced manned-unmanned integration technologies," a Hyundai Rotem official said. (Yonhap)
Yahoo
20-05-2025
- Business
- Yahoo
Asian Equity Selections Possibly Priced Below Valuation Benchmarks For May 2025
As the Asian markets respond positively to the recent easing of U.S.-China trade tensions, investors are keenly observing opportunities that may arise from this temporary truce. In such an environment, identifying stocks potentially priced below their intrinsic value could offer strategic advantages, especially when these equities are positioned to benefit from improved economic relations and reduced tariff pressures. Name Current Price Fair Value (Est) Discount (Est) Ficont Industry (Beijing) (SHSE:605305) CN¥26.43 CN¥52.51 49.7% H.U. Group Holdings (TSE:4544) ¥3024.00 ¥5994.30 49.6% GEM (SZSE:002340) CN¥6.23 CN¥12.46 50% Kolmar Korea (KOSE:A161890) ₩84500.00 ₩168491.96 49.8% Dive (TSE:151A) ¥921.00 ¥1813.08 49.2% Heartland Group Holdings (NZSE:HGH) NZ$0.83 NZ$1.64 49.4% ALUX (KOSDAQ:A475580) ₩10640.00 ₩21018.68 49.4% Medley (TSE:4480) ¥3110.00 ¥6174.60 49.6% Innovent Biologics (SEHK:1801) HK$55.30 HK$109.45 49.5% InnoCare Pharma (SEHK:9969) HK$10.60 HK$21.19 50% Click here to see the full list of 300 stocks from our Undervalued Asian Stocks Based On Cash Flows screener. Here's a peek at a few of the choices from the screener. Overview: Hyundai Rotem Company manufactures and sells railway vehicles, defense systems, and plants and machinery in South Korea and internationally with a market cap of ₩12.41 trillion. Operations: The company's revenue is derived from three main segments: Eco Plant at ₩477.99 million, Rail Solution at ₩1.62 billion, and Defense Solution at ₩2.71 billion. Estimated Discount To Fair Value: 30.9% Hyundai Rotem is trading at ₩113,700, significantly below its estimated fair value of ₩164,460.31. Despite recent share price volatility, the company shows strong fundamentals with earnings having grown 156.6% last year and a forecasted annual growth of 20.03%. While revenue growth is expected at 12.5% per year—faster than the Korean market's 7.6%—analysts anticipate a potential stock price increase of 30.9%. Upon reviewing our latest growth report, Hyundai Rotem's projected financial performance appears quite optimistic. Dive into the specifics of Hyundai Rotem here with our thorough financial health report. Overview: InnoCare Pharma Limited is a biopharmaceutical company focused on discovering, developing, and commercializing drugs for cancer and autoimmune diseases in China, with a market cap of HK$22.27 billion. Operations: The company's revenue primarily comes from its pharmaceuticals segment, which generated CN¥1.01 billion. Estimated Discount To Fair Value: 50% InnoCare Pharma is trading at HK$10.6, significantly below its estimated fair value of HK$21.19, suggesting it may be undervalued based on cash flows. Despite a net loss of CNY 440.63 million in 2024, earnings have grown annually by 28.9% over the past five years and are forecast to increase by 58.85% per year moving forward. Recent clinical advancements in treatments like Soficitinib and Mesutoclax highlight potential revenue growth opportunities exceeding market averages. The growth report we've compiled suggests that InnoCare Pharma's future prospects could be on the up. Navigate through the intricacies of InnoCare Pharma with our comprehensive financial health report here. Overview: Singapore Technologies Engineering Ltd is a global technology, defence, and engineering company with a market cap of SGD23.41 billion. Operations: The company's revenue is primarily derived from three segments: Commercial Aerospace with SGD4.44 billion, Urban Solutions & Satcom generating SGD2.01 billion, and Defence & Public Security contributing SGD4.97 billion. Estimated Discount To Fair Value: 22.4% Singapore Technologies Engineering is trading at S$7.5, below its estimated fair value of S$9.67, highlighting potential undervaluation based on cash flows. With forecasted revenue growth of 7.4% annually and earnings growth outpacing the Singapore market at 12.5%, the company shows promising financial prospects despite high debt levels. Recent contract wins totaling S$4.4 billion across various segments could bolster future cash flows, though immediate impact on net tangible assets per share is minimal. In light of our recent growth report, it seems possible that Singapore Technologies Engineering's financial performance will exceed current levels. Click here to discover the nuances of Singapore Technologies Engineering with our detailed financial health report. Dive into all 300 of the Undervalued Asian Stocks Based On Cash Flows we have identified here. Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks. Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include KOSE:A064350 SEHK:9969 and SGX:S63. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Korea Herald
15-05-2025
- Automotive
- Korea Herald
Hyundai Rotem wins W420b train deal in Taiwan
Hyundai Rotem has inked a 420 billion won ($300 million) contract to supply unmanned trains to a subway project in Taiwan, the Korean defense and railway systems said Thursday. According to Hyundai Rotem, it will supply automated trains to the Taichung government's blue subway line project aimed at advancing public transportation in the largest city in Taiwan's central region with a population of 2.8 million. The Taichung government is pushing to build green, blue, red and orange subway lines, with the blue line project being the second line, covering a distance of 24.78 kilometers with over 20 stations. Hyundai Rotem pointed out that the Taiwan-bound trains will feature enhanced safety technologies using light detection and ranging cameras and artificial intelligence. It added that the body of the trains will be made of aluminum to increase durability and reduce the weight for a better efficiency of energy consumption. According to Hyundai Rotem, the Taiwanese project's three-body train, which will have a maximum capacity of 530 passengers, will be able to travel at speeds of up to 80 kilometers per hour. Hyundai Rotem has previously secured train contracts in across Taiwan in Taipei, Kaohsiung and Taoyuan. "Receiving good feedback from successfully carrying out various projects in Taiwan led to securing this contract," said a Hyundai Rotem official.
