[Special Stock] Iran-Israel Conflict Escalates... Hanil Danjo Up 15%
Defense stock Hanil Forging is on the rise amid the military conflict between Israel and Iran.
According to the Korea Exchange on the 2nd, Hanil Forging is trading at 2,280 KRW, up 15.15% (300 KRW) from the previous trading day.
The escalation of tensions between Israel and Iran is interpreted as the reason for the sharp rise in Hanil Forging's stock price, which is classified as a defense stock.
Hanil Forging produces Haeseong, Cheongung, torpedo warhead structures, mortar shells, rocket shells (single high-explosive warhead bodies), aerial bombs, howitzer shells, and 155mm anti-tank mine dispersal shells.
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Hanil Forging signed export contracts for 81mm and 60mm mortar bodies with Saudi Arabia and Iraq in 2015. At that time, Hanil Forging supplied approximately 42,000 rounds to the Saudi and Iraqi armies sequentially through Hanwha, with a total of 57,500 rounds, including 15,500 rounds to Iraq, delivered in sequence.
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