Hanwha, Stock Price Down 5.13% at This Time... 'Increase in Subsidiary Equity Value'

Hanwha is trading at 24,050 KRW as of 10:30 AM on the 12th, down 5.13% from the previous day. The trading volume is 788,275 shares, which is about 28.71% 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 affiliated 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 the oil price crash 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 1,332,885 shares of Hanwha, while foreign investors and institutions have net sold 217,371 shares and 853,648 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

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

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