[Featured Stock] Hanwha Engine Hits Record High on 630 Billion KRW Supply Boost

Hanwha Engine surged sharply right after the market opened, buoyed by the announcement of a supply contract worth 630 billion KRW.

As of 9:12 AM on the 8th, Hanwha Engine was trading at 22,050 KRW on the KOSPI, up 2,760 KRW (14.31%) from the previous close.

The stock opened at 21,000 KRW and climbed to an intraday high of 23,050 KRW as buying momentum increased, setting a new 52-week high.

Hanwha Engine announced after the market closed the previous day that it had signed a supply contract for ship engines worth 629.2 billion KRW. The contract amount represents approximately 73.6% of Hanwha Engine's recent sales of 854.4 billion KRW. The contract period is from January 7, 2025, to November 8, 2028, spanning about 3 years and 10 months.

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