[Featured Stock] SW, Surges on Expectations of Benefits from Ukraine Reconstruction Projects

SY stock price has been strong for two consecutive days. This is interpreted as due to expectations of benefits from the Ukraine reconstruction project. As of 9:09 a.m. on the day, SY stock price is trading at 4,160 won, up 8.33% from the previous trading day.

According to the Ukrainian government and the European Investment Bank (EIB), the cost of the Ukraine reconstruction project, called the "21st Century Marshall Plan," is estimated to be around $750 billion to $1 trillion (approximately 1,000 trillion to 1,300 trillion won). Domestic companies are focusing on power plants, housing, and road sectors. Won Hee-ryong, Minister of Land, Infrastructure and Transport, visited Poland from the 21st for a 2-night, 3-day schedule to meet with senior Ukrainian officials and discuss cooperation plans for the reconstruction project. Recently, the government agreed with the Ukrainian government to support reconstruction funds using the Economic Development Cooperation Fund (EDCF).

An SY official, whose company holds the number one market share in the domestic sandwich panel market, is also reported to have gone to Poland to attend the Ukraine Reconstruction Forum. SY is conducting a modular construction business based on its panel manufacturing know-how. The modular housing business is expected to become a major project in the Ukraine reconstruction process.