[Featured Stock] Beneficiary of 'Housing Supply Expansion'... Small and Mid-sized Construction Stocks Surge Consecutively

The government announced on the 4th a plan to designate semi-industrial areas as residential-industrial convergence zones for high-density development through measures to expand housing supply. The photo shows the semi-industrial area in Seongsu-dong, Seongdong-gu, Seoul. Photo by Jinhyung Kang aymsdream@

[Asia Economy Reporter Ji Yeon-jin] Following the conclusion of the 20th presidential election, small and mid-sized construction stocks have been soaring day after day. This appears to reflect expectations of benefits from the expansion of housing supply promised by President-elect Yoon Seok-yeol.

As of 10:22 AM on the 11th, Ewha Construction is trading at 7,070 KRW, up 29.96% from the previous day. Ewha Construction is a construction company handling civil engineering and building works, and after being mentioned as a stock related to President-elect Yoon, its price surged to 9,890 KRW in July last year before undergoing a correction and falling to 4,710 KRW last month.

Shinwon Comprehensive Development and Camu E&C, also considered beneficiary stocks of President-elect Yoon, surged 15.38% and 12.47%, respectively. The previous day, Shinwon Comprehensive Development closed at the upper limit price, and Camu E&C ended with an 11.41% increase.

At the same time, Namhwa Construction rose 10.20% to 9,180 KRW, and Sambu Construction increased 16.99% to 3,305 KRW.

Meanwhile, President-elect Yoon has stated since his candidacy that he would promote supply by the private sector, especially focusing on reconstruction and redevelopment, while also reducing the burden of real estate taxes.

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