[Market Movers] Beomhan Fuel Cell Surges 25% on Hopes for Client's Canadian Submarine Contract
Beomhan Fuel Cell is showing strong performance in early trading.
As of 9:50 a.m. on August 27, Beomhan Fuel Cell was trading at 22,850 won, up 25% (4,570 won) from the previous day. The stock even hit the upper price limit immediately after the market opened.
Investor sentiment appears to have been boosted by the news that its client companies, Hanwha Ocean and HD Hyundai Heavy Industries, have jointly advanced to the final shortlist for a Canadian submarine project.
It has been confirmed that the two companies, together with a German firm, have made it to the final shortlist for the Canadian submarine contract, which is worth a total of 14 billion dollars (approximately 20 trillion won).
Hot Picks Today
At President Lee's Call to "Give Enough to Shock," Whistleblower Rewards Become a Real Lottery
- If They Fail Next Year, Bonus Drops to 97 Million Won... A Closer Look at Samsung Electronics DS Division’s 600M vs 460M vs 160M Performance Bonuses
- Lived as Family for Over 30 Years... Daughter-in-Law Cast Aside After Husband's Death
- Opening a Bank Account in Korea Is Too Difficult..."Over 150,000 Won in Notarization Fees Just for a Child's Account and Debit Card" [Foreigner K-Finance Status]②
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
The Canadian government is expected to select the final contractor as early as next year after conducting additional evaluations. Beomhan Fuel Cell is a company that manufactures fuel cell modules, a core component of the air-independent propulsion (AIP) system for submarines.
![[Market Movers] Beomhan Fuel Cell Surges 25% on Hopes for Client's Canadian Submarine Contract](http://www.asiae.co.kr/news/img_view.htm?img=2025082709331097978_1756254790.jpg)
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
