[Asia Economy Reporter Lee Seon-ae] Doosan Heavy Industries & Construction's stock price is strong on the 25th. This is interpreted as due to expectations for overseas nuclear power plant orders.
As of 9:28 a.m. on the day, Doosan Heavy Industries & Construction is trading at 24,000 KRW, up 6.19% from the previous trading day. During the session, it rose to a high of 24,150 KRW (6.86%).
The stock price increase appears to reflect expectations for the resumption of overseas nuclear power plant orders. Jeong Jae-hoon, CEO of Korea Hydro & Nuclear Power, stated at the National Assembly audit on the 21st that contracts for overseas nuclear power plant projects worth trillions of won are expected around the end of the year to early next year.
On the 21st, Doosan Heavy Industries & Construction signed a contract with Nawah Energy, the UAE nuclear power plant operating company, for the planned and preventive maintenance project of Unit 1 of the Barakah Nuclear Power Plant in the UAE (United Arab Emirates). Doosan Heavy Industries & Construction first entered the U.S. market in 1999 by winning an order for replacement steam generators for Unit 1 of the Sequoyah Nuclear Power Plant in Tennessee, USA, and has since supplied main equipment to several nuclear power plants. Since 2019, it has been cooperating in the development of SMR (Small Modular Reactor) with the local nuclear company NuScale Power.
Moon Kyung-won, a researcher at Meritz Securities, said, "Overseas nuclear power plant orders and recent changes in the attitudes of advanced countries toward nuclear power are narratives that can transform the nuclear power industry," adding, "Considering fatigue from the recent sharp rise in valuation and the lack of additional events until the end of the year, careful consideration is needed regarding the timing of purchases."
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