[Click eStock] "Korea Aerospace Industries, Overseas Orders Expected to Increase This Year"

NH Investment & Securities analyzed on the 13th that Korea Aerospace Industries' stock price will be driven up this year by an increase in overseas orders. The investment opinion 'Buy' and the target price of 70,000 won were maintained.

In the fourth quarter of last year, Korea Aerospace Industries recorded sales of 1.51 trillion won and an operating profit of 154.3 billion won. This represents increases of 73.8% and 311.2%, respectively, compared to the same period the previous year. Lee Jae-kwang, a researcher at NH Investment & Securities, said, "Both the fourth quarter and annual results last year set record highs," adding, "This was largely due to the delivery of 12 units of the Polish FA-50."

Although this year's performance is expected to be similar to last year's, an increase in overseas orders is anticipated to drive the stock price. He stated, "The guidance for complete aircraft export orders this year was presented as 3 trillion won, a 2.6-fold increase," noting, "This includes 1.7 trillion won for Surion in the Middle East region and 1.1 trillion won for FA-50 in Central Asia." He added, "Although not included in the guidance, considering the heightened global security threats, additional orders from the US, Africa, South America, and Europe are highly likely, even if not immediately this year."

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