[Asia Economy Reporter Jang Hyowon] Daemo is showing strong performance. This is attributed to the news that the government will hold a briefing session on entering the government procurement market for the Ukraine reconstruction project.
As of 9:53 AM on the 15th, Daemo is trading at 15,720 KRW, up 7.7% compared to the previous day.
According to the industry, the Seoul Regional Procurement Office will hold the "Ukraine Reconstruction Project Government Procurement Market Entry Briefing" on the 16th. About 300 companies interested in the Ukraine reconstruction project will attend the event, where Dmitro Ponomarenko, the Ukrainian Ambassador to Korea, will participate to provide information related to his government’s public procurement.
The organizer stated, "Recently, large-scale reconstruction projects are being promoted in Ukraine, and it is expected that reconstruction demand will rapidly increase in various fields such as green energy, urgent road restoration, defense industry, and the construction of schools and hospitals."
Meanwhile, Daemo is a manufacturer of excavator attachments and has established overseas bases in the United States, China, and Europe. With an export ratio exceeding 70%, it is classified as a stock related to Ukraine reconstruction.
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