[Special Stock] 'Encouraging Earnings Growth' Hangul and Computer Soars Over 16%

The stock price of Hancom is showing strong performance in early trading. As of 9:41 AM on the 14th, Hancom is trading at 29,750 KRW, up 4,150 KRW (16.21%) compared to the previous trading day.

On this day, Byunghwa Lee, a researcher at Shinhan Investment Corp., stated, "We have confirmed the benefits of public sector cloud investments in the earnings. As we move into the second half of the year, Hancom is expected to be recognized as a key player in the big cycle of public sector cloud and artificial intelligence (AI) investments," and raised the target price from the previous 30,000 KRW to 35,000 KRW.

He added, "The addition of product lineups and the rapid increase in AI adoption by public enterprises and private companies are expected to be quickly reflected in the earnings," and evaluated, "The direction of business portfolio restructuring, including pursuing global AI company mergers and acquisitions (M&A), is also positive."

He further noted, "On a consolidated basis for the first quarter, sales were 54.6 billion KRW and operating profit was 6.4 billion KRW, up 30.7% and 161.9% respectively compared to the same period last year," and said, "The separate software division showed strong performance with sales of 33.8 billion KRW and operating profit of 12.1 billion KRW, rising 17.8% and 31.3% respectively. The separate results were a surprise, exceeding estimates."