[Featured Stock] Kolon Global, Valuation Premium Expected, Up 7%

[Asia Economy Reporter Lee Seon-ae] Kolon Global is showing strength in corporate value reassessment analysis.

As of 9:37 AM on the 30th, Kolon Global is trading at 22,850 KRW, up 7.28% from the previous trading day. It rose to 23,700 KRW in early trading.

Seunghee Kim, a researcher at DS Investment & Securities, stated, "Kolon Global is a renewable energy specialist focusing on wind power, while also operating as a multi-brand dealer with various imported car brands, after-sales service (A/S), and certified used car businesses, which warrants value recognition. Especially, with the government's Green New Deal policy expanding wind power projects, its position as the number one wind power company in Korea is expected to be highlighted, justifying a valuation premium."

Researcher Kim added, "Currently, they are pursuing orders for 15 onshore wind power projects and offshore wind power projects, each worth around 2 trillion KRW, and are also advancing to secure a leading position in the wind power repowering market starting with the Yeongdeok wind power complex in Gyeongbuk. The repowering business involves replacing facilities older than 20 years with the latest equipment, and since it is advantageous in terms of land acquisition and permits compared to creating new complexes, it is a sector expected to experience high growth."

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