[Special Stocks] KM and Hansong Rise on Mask Supply Contract with Public Procurement Service

'Mask 5-Day Rotation' Acts as a Positive Factor Ahead of Public Procurement Service Contract

[Asia Economy Reporter Minwoo Lee] As the COVID-19 pandemic prolongs, companies such as KM and Hansong Neotek, which have government contracts for mask production, are showing strong performance.

According to the Korea Exchange as of 10 a.m. on the 9th, KM's stock price rose 7% from the previous day to 13,600 KRW. In the early trading session, it even recorded a 10.63% increase to 14,050 KRW compared to the previous day. After hitting the upper limit with a 28.17% rise on the previous trading day (6th), the stock has been on a continuous upward trend. This positive momentum is attributed to the government implementing the "Mask 5-Day Rotation System," which limits mask purchases to one per person per day starting that day, and KM signing a public mask sales contract worth 16.7 billion KRW with the Public Procurement Service.

Hansong Neotek's stock price is also rising. This follows the announcement that its affiliate, Hansong, signed a mask supply contract worth approximately 4 billion KRW with the Public Procurement Service on the 5th. Around 10 a.m., the stock price was about 5% higher than the previous day, at 1,335 KRW.

Additionally, although they have not signed contracts with the Public Procurement Service, mask manufacturers such as Klean Nara (4.5%) and Monalisa (5.9%) are also showing upward trends.

This content was produced with the assistance of AI translation services.