[Click eStock] "HanmiGlobal Secures Nuclear Power as New Revenue Source... Target Price Set at 30,000 Won"

On September 2, Hanwha Investment & Securities analyzed that HanmiGlobal is expected to see improved performance in its existing business sectors, while also securing a new revenue source from nuclear power plants. The firm maintained its "Buy" investment rating and set a target price of 30,000 won.

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Song Yurim, a researcher at Hanwha Investment & Securities, stated, "On August 6, HanmiGlobal announced its entry into the nuclear power plant market by winning a project management contract worth 10 billion won for the Cernavoda nuclear facility improvement project in Romania." Song added, "If additional contracts become visible, HanmiGlobal is expected to firmly establish itself as a nuclear power plant stock."

Song also highlighted, "The recovery of high-tech investment and continued growth in overseas sales are positive factors that suggest improved performance in existing business areas." Song further noted, "As investment in the domestic high-tech sector is expected to resume, HanmiGlobal is also likely to benefit when domestic companies expand overseas."

In addition, Song assessed that the current share price is undervalued. "With the recovery of the high-tech sector and continued growth in overseas sales, performance improvements are expected in the existing business areas," Song said. "Securing a new revenue source from nuclear power plants is a highly positive factor for the current share price, which is trading at less than 10 times the price-to-earnings ratio (PER)," Song emphasized.

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