[Special Stock] Hanwha Rises 4% on Highlighted Expansion of Shareholder Return Capacity

Hanwha's stock price is on the rise. Following the government's announcement of the 'Dynamic Economy Roadmap,' the potential for shareholder returns has come into focus, seemingly impacting the stock price.

Hanwha. Photo by Jinhyung Kang aymsdream@

At 10:02 a.m. on the 5th, Hanwha was trading at 29,000 won, up 4.13% from the previous day.

On the 3rd, the government announced the 'Dynamic Economy Roadmap' and the '2024 Second Half Economic Policy Direction.' Regarding this, Kwonsoon Choi, a researcher at SK Securities, said, "An expansion of shareholder returns by companies is expected." He added, "In April, Hanwha announced a business restructuring plan, mentioning the transfer of its offshore wind power and plant businesses to Hanwha Ocean, and its solar equipment business to Hanwha Solutions. Through this business transfer, Hanwha is expected to receive 439.5 billion won in cash, which will be used as investment funds, for improving financial structure, and for shareholder returns."

Researcher Choi continued, "Last year's dividend income and brand license sales were around 210.4 billion won, and this year they are expected to expand to 294 billion won," adding, "Since last year's total cash dividends, including preferred shares, amounted to 73.7 billion won, there is ample room for dividend expansion this year."