[Featured Stock] Hyundai E&C Jumps Over 8% on Nuclear Power Expectations...Hits Record High

[The Asia Business Daily Reporter Song Hwajung] Hyundai Engineering & Construction has risen for three consecutive days on expectations related to nuclear power plants, hitting a new intraday 52-week high.

As of 9:25 a.m. on February 23, Hyundai Engineering & Construction was trading at 139,100 won, up 10,800 won (8.42%) from the previous session. During the session, it climbed to as high as 143,000 won, renewing its 52-week high.

The share price rise is interpreted as being driven by expectations surrounding nuclear power plants.

On this day, KB Securities raised its target price for Hyundai Engineering & Construction to 170,000 won, an upward revision of 13.3% from the previous target. Jang Moonjun, an analyst at KB Securities, said, "The rapid share price increase since the beginning of the year may feel burdensome, but the company is highly likely to lead a supplier-favorable structure in an unprecedentedly strong and closed nuclear power renaissance," adding, "It is in the process of being recognized by global investors not just as a construction company but as a nuclear power company, and it remains our top pick in the nuclear power and construction sectors."

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