[Click eStock] "Hanwha Aero, Continuous Overseas Orders... Growth Will Continue"

Yuanta Securities analyzed on the 6th that Hanwha Aerospace's performance growth will continue due to sustained overseas orders. They newly issued a 'Buy' investment rating and a target price of 235,000 KRW.

Yuanta Securities expects Hanwha Aerospace's sales and operating profit this year to reach 10.6 trillion KRW and 876.5 billion KRW, respectively, representing increases of 12.9% and 24.4% compared to the previous year. Researcher Lee Seung-woong of Yuanta Securities stated, "The profit growth trend is expected to continue based on large-scale orders in ground defense until 2027," adding, "Expectations for additional overseas orders in ground defense remain valid this year as well."

He explained, "Contracts for the second phase of the Cheonmu for Poland and the remaining K9 units are anticipated, along with Saudi Arabia's Cheongung-II launchers and ammunition carriers, and Romania's K9 estimated at around 1 trillion KRW," further stating, "In addition, interest in self-propelled artillery and guided weapons such as K9, Biho-II, and Redback is increasing in regions including Europe, the Middle East, and Asia, so additional overseas orders are also expected."

He particularly anticipated that benefits from the growth of the domestic private space market will continue over a long period. He explained, "As the system integrator for Nuriho, it is expected to be selected as the lead company for the next-generation launch vehicle (KSLV-III) development project in March."

He forecasted, "It will lead the domestic private launch service market," adding, "Through its subsidiaries, it operates businesses across the entire space industry spectrum, including satellite and ground equipment manufacturing and space services, and exports are expected to accelerate based on superior performance and price competitiveness compared to overseas competitors."

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