[Featured Stock] Hyundai Rotem Rises Over 13% on Expectations of K2 Tank Orders

On the 20th, Hyundai Rotem is showing strong performance.

As of 10:14 AM on this day, Hyundai Rotem's stock price is trading at 32,150 KRW, up 13.20% compared to the previous trading day. Hyundai Rotem has been rising for seven consecutive trading days since the 12th.

Hyundai Rotem is estimated to have recorded an operating profit of 34.7 billion KRW in the first quarter of this year, a 47.3% increase compared to the same period last year. In particular, with the full-scale export of the K2 tank starting this year, an increase in performance is expected.

Jung Dong-ik, a researcher at KB Securities, said, "Last month, Hyundai Rotem signed a consortium implementation agreement with Poland's state-owned defense group PGZ and others for the production and delivery of the localized K2 model 'K2PL.' We expect a related second contract to be finalized in the first half of this year, and it is known that countries such as Romania are also interested in introducing the K2 tank, so follow-up orders are anticipated."