[Featured Stock] Dong-A Hwasung Shows Strength with Excellent Green New Deal Items like Hydrogen, Electric Vehicles, and Fuel Cell Businesses

[Asia Economy Reporter Hyunseok Yoo] Amid a trend of corporate value reassessment for Green New Deal-related stocks in the domestic stock market, Donga Hwasung's stock price is showing strength. This is interpreted as the growth potential of Green New Deal items such as electric vehicles, hydrogen vehicles, and hydrogen fuel cell businesses being highlighted, based on strong competitiveness in the automotive and home appliance rubber parts markets.

As of 1:56 PM on the 7th, Donga Hwasung was trading at 9,780 KRW, up 18.12% (1,500 KRW) compared to the previous trading day.

On the same day, solar power and hydrogen fuel cell-related stocks such as Unitest, Doosan Fuel Cell, Sinsung ENG, and DK Lock are all soaring in the domestic stock market. Recently, as wind power-related stocks have experienced a sharp rally, buying interest is spreading to solar power and hydrogen fuel cell-related stocks, which have risen relatively less.

KB Securities researcher Sang-guk Lim evaluated, "Donga Hwasung’s battery pack gaskets for electric vehicles are supplied to Hyundai Motor, US GM, China’s First Automobile Works, and Changsheng Automobile." He added, "The portfolio of eco-friendly rubber products, including hydrogen vehicle intake and exhaust hoses and integrated gaskets for hydrogen fuel cell stack bipolar plates, is excellent." He continued, "Attention should be paid to the growth potential of the subsidiary Donga Fuel Cell," adding, "Donga Fuel Cell is developing a 5kW-class high-temperature polymer electrolyte membrane fuel cell (HT-PEMFC) system."

Furthermore, he emphasized, "They are preparing for KC and KS certification," and "They have secured world-class fuel cell stack electrical efficiency (54%)."

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