Hanwha, Stock Price Down 4.44% at This Time... 'Subsidiary Equity Value Rising'

Hanwha is trading at 25,850 KRW, down 4.44% from the previous day as of 10:33 AM on the 11th. The trading volume is 1,241,087 shares, which is about 29.11% of the previous day's volume. Hanwha is known as the holding company of the Hanwha Group.

On June 11, Yang Ji-hwan, a researcher at Daishin Securities, stated, "Recently, the company's stock price surged significantly due to the Nasdaq listing of Nikola, a US hydrogen truck company invested in by related companies Hanwha General Chemical and Hanwha Energy. The value of Hanwha Energy and Hanwha General Chemical, which hold shares in Nikola, has been highlighted, leading to a simultaneous rise in the stock prices of Hanwha Solutions and Hanwha. The poor performance caused by the disruption of the defense factory operation in 2019 and the impact of COVID-19 and oil price collapse in Q1 2020 is expected to enter a recovery phase from Q2 2020 onward." He set the target price for Hanwha at 34,000 KRW.

Over the past five days, individual investors have net purchased 1,263,891 shares of Hanwha, while foreigners and institutions have net sold 260,760 shares and 723,073 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automatic article generation algorithm jointly developed by Asia Economy and financial AI specialist company Thinkpool.

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