[Click eStock] "Kencoa Aerospace, Record High Order Backlog"

SK Securities analyzed on the 4th that Kenkoa Aerospace is evolving into a space aviation mobility company, holding the highest level of order backlog in history. No investment opinion or target price was presented.

Kenkoa Aerospace engages in the manufacturing, modification, overhaul, and maintenance, repair, and overhaul (MRO) business of aircraft structures and parts. It directly produces everything from civilian aircraft to military aircraft and rotary-wing fuselages, and also supplies raw materials related to aerospace.

Na Seungdoo, a researcher at SK Securities, said, "The biggest reason why Kenkoa Aerospace must be noted is that it has established itself as the biggest beneficiary of the global supply chain value chain restructuring," adding, "Global aircraft manufacturers

experienced a sharp decline in new sales with the COVID-19 pandemic, and restructuring of partner companies naturally followed." He continued, "After the transition to endemic, demand for new aircraft rebounded, but the once-collapsed supply chain is not easily recovering."

However, he emphasized that since benefits are concentrated on surviving companies, attention to these companies is necessary. He said, "Kenkoa Aerospace's order backlog is breaking records at the highest level ever, and not only are new customers emerging, but the types of applicable models are also diversifying," emphasizing, "This is why they are actively reviewing and promoting the expansion of existing factories as well as securing new factories."

He added, "An upgrade is expected from a simple aircraft fuselage and parts manufacturer to a specialized contract manufacturer in space aviation mobility."

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