[Featured Stock] E&Co, Expected to Secure Growth Engine through Localization of Ultrapure Water Technology

[Asia Economy Reporter Hyungsoo Park] EN Corporation's stock price is on the rise. It appears that securities firms' analysis, which states that the company has secured growth momentum by successfully domesticating the ultrapure water production process, has influenced the stock price.

At 2:40 PM on the 14th, EN Corporation was trading at 3,305 KRW, up 11.28% from the previous day.

Yuhwa Securities newly issued a 'Buy' investment opinion and a target price of 4,300 KRW for EN Corporation, stating that it has secured growth momentum through the domestication of ultrapure water.

Researcher Seungjun Yoo of Yuhwa Securities explained, "The cleaning process using ultrapure water is an essential element in numerous semiconductor and display manufacturing processes," and "the domestic ultrapure water market size exceeds 1 trillion KRW, which has been monopolized by Japanese companies."

He added, "Hansung Cleantec is developing to achieve 100% domestication rate of ultrapure water production and infrastructure design and over 60% domestication rate of construction technology by 2025," and "plans to target the overseas ultrapure water market worth approximately 23 trillion KRW."

Researcher Yoo analyzed, "Orders for Hansung Cleantec, a major subsidiary, are steadily increasing," and "it is possible to achieve sales exceeding 200 billion KRW this year."