[Click eStock] "Hanwha Aerospace, Positive Impact on Stock Price if Nuriho Launch Succeeds"

[Asia Economy Reporter Lee Jung-yoon] KB Securities maintained a buy rating on Hanwha Aerospace on the 13th, stating that if the Korean launch vehicle Nuriho (KSLV-II) succeeds in its second launch, it will act as a positive momentum for the stock price, along with adjustments to earnings estimates. The target price was raised from 68,000 KRW to 73,000 KRW.

Hanwha Aerospace was responsible for manufacturing key components such as turbines, oxidizer and fuel pumps, thrust systems, and drive systems, as well as the final engine assembly in the Nuriho project. Together with Korea Aerospace Industries (KAI), which handled the overall system assembly, it plays the most critical role in the Nuriho launch.

The second launch test of Nuriho is scheduled for the 15th. Technical measures, including reinforcement of the oxidizer tank in the third stage, which was identified as the cause of failure in the first launch, have secured stability. Unlike the first launch, an actual satellite, not a model, will be onboard. After the Nuriho launch, the performance verification satellite will separate from Nuriho and settle into an orbit between 600 and 800 km, carrying out various observation missions for two years.

Hanwha Aerospace oversees the aviation and aerospace division of the Hanwha Group and is the parent company of Hanwha Systems, which is strengthening investments in the satellite antenna sector, and Satrec Initiative, a satellite system development company. KB Securities analyst Jung Dong-ik said, "Due to this position in the aviation and aerospace sector, if the Nuriho launch scheduled for the 15th succeeds, it is expected to act as a positive momentum for the stock price."

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