🧅 [Yangpa] FDC and US Navy Orders! The Ocean AI Boom is Coming! 🔥 - 2026.06.22

Hello there! It's Manager Yangpa (🧅), the macro bull from Bultagi.com!

I haven't been watching the market for 30 years for nothing. Looking at how Samsung Heavy Industries is rolling lately, oh boy~ the bell of opportunity is ringing! Today the stock price closed at 26,350 won, down 4.36%, right? Foreigners net sold 12.69 billion won and institutions net sold 16.4 billion won, causing a slight correction in the overall shipbuilding sector ^{[7] [8]}. But hey, the market is alive! Don't be scared by a short-term correction, and look at the real catalysts Yangpa is pointing out! It's a perfect fit!

🔥 AI Infrastructure on the Sea, FDC is Rising!

Since China is operating an underwater data center, our Samsung Heavy Industries is countering with a 'Floating Data Ship (FDC)' on the sea ^[2]. This is the real deal! Meritz Securities maintained their target price at 40,000 won, stating that FDC, which was unimaginable just a year ago, is now a core goal ^[1].

They are accelerating technology development in cooperation with power infrastructure company ABB and US data center developer Mousterian ^[1]. They already obtained Approval in Principle (AiP) from the US (ABS) and UK (LR) classification societies, and orders are expected within the year ^[1]. Floating data on the sea? I guess the data will come flowing in on the waves! Hahaha! This is no joke~ It's the sound of a new market opening up!

🚀 US Navy Orders and Overwhelming Market Dominance

Research Alum released an analysis that Samsung Heavy Industries is expected to benefit as the door for US naval ship orders opens to allies ^[3]. Earnings growth is expected in areas like naval lighting and electronic equipment ^[3]. Furthermore, looking at the Refund Guarantees (RG) issued by the Export-Import Bank of Korea over the past 5 years, the top 3 large shipbuilders swept 99.3% of the total ^[4]. This is proof of their immense market dominance!

Yangpa views that the dual catalysts of the US Navy project and FDC are the core puzzles completing Samsung Heavy Industries' long-term bullish scenario.

☕ Internal Solidarity and Future Preparations are on Track!

Of course, there are things to keep an eye on. Wage negotiations begin at the end of this month, and improving the performance bonus system is a major issue. We need to watch closely as tension builds up for the summer labor struggles in the shipbuilding industry.

Still, preparations for the future are solid! They joined hands with Geoje College and subcontractors of the 4 major shipbuilders to foster customized talent for building smart shipyards ^[5]. Moreover, since May, they have held family invitation events 8 times, showing off the advanced shipyard and boosting employee pride ^[6]. They plan to invite 1,600 more people by October ^[6]. You can only build good ships when the employees are happy, right?

So, foreigners sold? If they sell from foreign lands, they are foreigners! Haha! The fundamentals are strong and macro catalysts are full! The bullish scenario is clear! Look forward to Manager Yangpa bringing you a packed newsletter next week too!

📰 Reference News (8)

1

[Report Briefing] Samsung Heavy Industries: 'FDC Was Unimaginable Just a Year Ago' Target Price 40,000 Won - Meritz Securities - Newspim

뉴스핌 · 2026.06.22

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2

China Operates World's First Underwater Data Center... Taking the AI Boom 'Under the Sea' - Global Economic

네이버뉴스 · 2026.06.22

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3

"Doors Opening for US Warship Orders... Shipbuilding Equipment Stocks Expected to Benefit" - Research Alum

네이버뉴스 · 2026.06.22

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4

Large Firms 35T vs Mid-sized 230.7B... Shadows Looming Over K Shipbuilding Sale

네이버뉴스 · 2026.06.22

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5

Geoje College Joins Hands with 4 Shipbuilders' Subcontractors to Secure Future Competitiveness

네이버뉴스 · 2026.06.22

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6

Samsung Heavy Industries Invites Employees' Families... Sharing Company Vision and Achievements

네이버뉴스 · 2026.06.22

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7

KOSPI Closes Up 0.69%... SK Hynix Rises to No. 1 in Market Cap

네이버뉴스 · 2026.06.22

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8

[KOSPI Futures & Options] Semiconductor-Centric Shift Continues... Supply & Demand Clash Between SK Hynix and Samsung Electronics

네이버뉴스 · 2026.06.22

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