[Featured Stock] Hanwha Systems Surges Over 10% Early in Trading... Expectations Rise for Satellite Business Expansion
[Asia Economy Reporter Park Jihwan] Hanwha Systems is showing strong performance in the early trading session. The securities industry analysis suggests that the positive impact is due to a shift in the company's frame from a traditional defense contractor to a high-tech growth stock focusing on satellites and other advanced technologies.
According to the Korea Exchange on the 25th, as of 9:35 AM, Hanwha Systems is trading at 21,200 KRW, up 10.70% from the previous trading day.
On the same day, NH Investment & Securities evaluated Hanwha Systems as undergoing a frame change from a traditional defense company to a high-tech growth stock preparing for satellite and Urban Air Mobility (UAM) businesses.
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
The target price was also raised. NH Investment & Securities adjusted Hanwha Systems' target price upward by 29.55%, from the previous 22,000 KRW to 28,500 KRW.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
