[Click eStock] "Hanwha Aero, Continued Performance Improvement"

Hana Securities analyzed on the 16th that Hanwha Aerospace's fourth-quarter earnings last year likely met market expectations. The target stock price was raised from the previous 440,000 KRW to 560,000 KRW.

It is estimated that in the fourth quarter of last year, the company achieved sales of 3.5529 trillion KRW and an operating profit of 497.1 billion KRW. These figures represent increases of 14.7% and 80.9%, respectively, compared to the same period the previous year. Market expectations were set at sales of 3.559 trillion KRW and an operating profit of 494.4 billion KRW.

Wiheung Jae, a researcher at Hana Securities, stated, "For the fourth quarter, we expect Poland and India orders to include 35 K9 self-propelled howitzers and 11 Chunmoo multiple rocket launchers," adding, "Given the high profitability confirmed in the past two quarters, the fourth-quarter profitability is also expected to be favorable."

He continued, "The aerospace division appears to have seen an increased deficit," and added, "We estimate an operating loss of 25 billion KRW from the international joint development program (RSP) during the process of increasing engine deliveries."

Researcher Wi also analyzed, "In addition to the Poland orders currently driving performance, many other weapon systems are expected to contribute to future performance improvements," and noted, "Additional orders are possible during the process of promoting local production in Poland." He emphasized, "Interest from Southeast Asian countries has recently increased," and "Demand for weapon systems is expected to grow."

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