[Featured Stock] KIB Plug Energy with a 26 Billion Won Contract Up 7.23%

The stock price of KIB Plug Energy, a heat exchanger and eco-friendly energy company that announced a construction contract worth around 26 billion KRW, is showing strong performance. At 10:58 AM on the 27th in the KOSPI market, KIB Plug Energy was trading at 430 KRW, up 29 KRW (7.23%) from the previous trading day.

On this day, KIB Plug Energy disclosed that it had signed a contract to supply chemical plant equipment worth 26.05428 billion KRW with Hyundai Engineering. This amount corresponds to 24.66% of the 2022 sales, and the contract period is until October 31 of next year.

Earlier, on the 16th, KIB Plug Energy also announced that it had signed an order contract worth 12.9 billion KRW for chemical plant equipment with Technip. This is part of the 'North Field South (NFS)' project, a liquefied natural gas (LNG) project in Qatar. At that time, a company official said, "Receiving the first order in the NFS project, which is an extension of Qatar's North Field East (NFE) project, signifies proven competitiveness," adding, "Further orders for the NFS project are expected to proceed continuously, and additional contracts are anticipated accordingly."