[Special Stock] Hyundai Rotem Hits 52-Week High
On the 24th, Hyundai Rotem showed strong performance in the early trading session.
As of 9:30 AM, Hyundai Rotem's stock price is trading at 35,250 KRW, up 6.17% compared to the previous trading day. The stock price has been rising for nine consecutive trading days since the 12th.
The market expects a significant improvement in Hyundai Rotem's earnings this year as exports of the K2 tank are set to begin in earnest. Additionally, President Yoon Seok-yeol's recent mention of the possibility of providing weapons support to Ukraine is interpreted as having an impact on the overall domestic defense industry stocks.
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Meanwhile, Hyundai Rotem is reported to have recently been awarded the contract for the new high-speed train project for the Suseo High-Speed Railway (SRT), valued at approximately 1.7 trillion KRW.
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