[Asia Economy Reporter Jang Hyowon] Daemo is showing strong performance. It is interpreted that the stock has attracted attention as a reconstruction stock for Ukraine following media reports that Russia and Ukraine may hold a summit in February to discuss a ceasefire.
As of 9:19 AM on the 13th, Daemo is trading at 13,250 KRW, up 5.58% compared to the previous day.
According to a media report on the day, Vasyl Bodnar, the Ukrainian ambassador to T?rkiye, stated that a summit between the two countries' leaders for a ceasefire in the Russia-Ukraine war could be held on February 24.
Daemo is a company that manufactures excavator attachments such as hydraulic breakers and quick couplers. It has agreements with 66 dealers in 58 countries worldwide, achieving about 70% of its sales through exports, making it an export-oriented small and medium-sized enterprise. It is a partner company of Hyundai Construction Equipment, the No. 1 construction equipment manufacturer in Korea, and is classified in the market as a stock related to Ukraine reconstruction.
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