[Featured Stock] Korea Aerospace Industries, 5th Day of Consecutive Gains... New High

Korea Aerospace Industries continued its five-day winning streak and hit a 52-week high during trading.

As of 9:37 a.m. on the 10th, Korea Aerospace Industries was trading at 81,500 won, up 1,800 won (2.26%) from the previous close. During the session, the stock rose to 84,400 won, setting a new 52-week high.

Recent news of defense cooperation between Korea and Poland has acted as a catalyst for the stock's rise. Earlier, on the 5th (local time), Foreign Minister Cho Tae-yeol held talks with Polish Foreign Minister Radosław Sikorski in Warsaw, agreeing to continue promoting defense cooperation as optimal strategic partners in defense and security.

BNK Investment & Securities raised its target price for Korea Aerospace Industries from 66,000 won to 95,000 won, citing expectations of a significant increase in orders for complete aircraft exports. Lee Sang-hyun, a researcher at BNK Investment & Securities, explained, "This year, the guidance for new orders is 8.5 trillion won, and we expect a significant increase in orders for complete aircraft exports, which contribute highly to profitability. In particular, export performance in rotary-wing aircraft is anticipated." He added, "Last year, profitability improvement was minimal due to a decrease in complete aircraft exports and an increase in low-profit business segments. However, this year, despite potential burdens from production capacity expansion and development costs, sales are expected to return to double-digit growth, leading to an improvement in profitability."

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