Hanwha, Stock Price Down 3.6% at This Hour... 347,399 Shares Net Bought by Individuals in Last 5 Days

Hanwha is trading at 34,850 KRW as of 12:30 PM on the 22nd, down 3.6% from the previous day. The trading volume is 1,373,409 shares, which is about 27.72% of the previous day's volume. Hanwha is known as the holding company of the Hanwha Group.

On January 19, Jeong Daero, a researcher at Mirae Asset Daewoo, stated, "2021 Outlook: Pay attention to the rapid normalization of earnings and the full-scale launch of the group's new businesses. The company's consolidated net income attributable to controlling shareholders for 2021 is expected to be 528.2 billion KRW (+13.1% YoY). Centered on Hanwha Solutions, the group’s renewable energy business is expected to fully launch, potentially driving overall group earnings improvement. In particular, attention is drawn to various hydrogen business opportunities within the group related to the government-led Green New Deal. Since results from in-house projects and subsidiaries’ new business initiatives are expected in 2021, a revaluation of the company’s stock price is possible." He set the target price for Hanwha at 38,000 KRW.

Over the past five days, individual investors have net purchased 347,399 shares of Hanwha, while foreigners and institutions have net sold 130,758 shares and 186,021 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automated article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.