[Featured Stock] LIG Nex1 Hits 52-Week High on Continued Export-Driven Growth Outlook
The stock price of LIG Nex1 is on the rise. Expectations that export-driven sales growth will continue appear to be influencing the stock price.
At 9:55 a.m. on the 16th, LIG Nex1 was trading at 238,000 won, up 1.93% from the previous day. During the session, it rose to 245,000 won, marking a 52-week high.
Choi Kwang-sik, a researcher at Daol Investment & Securities, stated, "Sales growth driven by exports due to deliveries of the Cheongung-2 to the United Arab Emirates (UAE) and Saudi Arabia is expected to continue until 2028," adding, "If the second contract, which is twice the size of the Saudi Cheongung-2, is finalized, sales growth will continue until the mid-2030s."
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Researcher Choi also added, "Even if profit-taking occurs due to expectations of orders, subsequent contracts will be confirmed, and performance and appropriate stock price growth factors based on their scale will remain."
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