[Featured Stock] Hanwha Aerospace Rises on Continued Earnings Improvement Outlook... New High

Hanwha Aerospace showed strength on expectations of continued earnings improvement, hitting a 52-week high during the session.

As of 9:24 a.m. on the 18th, Hanwha Aerospace was trading at 285,500 KRW, up 10,500 KRW (3.82%) from the previous day. This marks the fourth consecutive day of gains. During the session, the stock rose to 287,000 KRW, setting a new 52-week high.

Positive outlooks from securities firms appear to have driven the stock price increase. On the same day, Korea Investment & Securities raised its target price for Hanwha Aerospace by 24% to 320,000 KRW, citing steady earnings improvement. Researcher Jang Nam-hyun of Korea Investment & Securities stated, "We revised our annual earnings estimates upward by reflecting the faster-than-expected delivery speed of Cheonmu and the Romania K9 export contract," adding, "There is still an export pipeline with additional contracts for Poland K9 and armored vehicle exports to Romania, and more importantly, export opportunities will continue to arise steadily."