[Special Stock] Donghwa Enterprise Faces New Low Amid Market Slump and Domestic Growth Concerns... Weakness Continues

[Asia Economy Reporter Eunmo Koo] Dongwha Enterprise is showing a decline of over 7%, hitting a new intraday low. This is interpreted as a result of the sharp drop in domestic and international stock markets due to the spread of the novel coronavirus infection, combined with concerns about domestic growth.

As of 1:56 PM on the 12th, Dongwha Enterprise was trading at 14,700 KRW, down 7.55% (1,200 KRW) from the previous trading day. During the session, the price fell to 14,450 KRW, setting a new 52-week low.

Researcher Kiryong Kim of Yuanta Securities explained, "Along with the overall index adjustment, the stock prices of major building materials sectors continue to decline due to strengthened real estate regulations," adding, "The government's policy to strengthen real estate regulations is acting as a negative factor for the company's domestic board business environment."