[Featured Stock] STX Engine Hits Another 52-Week High... Stock Gains Momentum Amid Strong Earnings

2Q Sales Up 21%, Operating Profit Soars 389%
Record High Price After Limit-Up, New 52-Week High Again
Performance Improvement Driven by Growth in Shipbuilding and Defense Engine Sectors

The momentum of STX Engine continues. After an 'earnings surprise' (unexpectedly strong performance), it has been consecutively hitting new 52-week highs.

As of 1:44 PM on the 19th, STX Engine is trading at 23,100 KRW, up 7.19% (1,550 KRW) compared to the previous trading day. After closing at the daily limit price of 21,550 KRW on the 16th, breaking its 52-week high of 18,660 KRW set about two months ago, STX Engine has maintained its upward trend. During the session, it reached a high of 24,400 KRW.

On the 14th, STX Engine announced its Q2 sales of 197.4 billion KRW and operating profit of 21.8 billion KRW. These figures represent increases of 21% and 389%, respectively, compared to the same period last year. The operating profit margin also rose by 8.3 percentage points year-over-year to 11%. The improvement in performance appears to be due to growth in the ship engine division and a turnaround to profitability in the defense engine division.

STX Engine was established in December 1976 as a specialized engine manufacturer. It was designated as a defense industry company in 1997. The company operates as a comprehensive engine and heavy electrical equipment firm focusing on engines, electronic communications, and parts & services. Its business divisions are categorized into three sectors: civilian business, special business, and electronic communications business.