[Featured Stock] HDC Hyundai Development Company Benefits from Housing Market Recovery, Up 3.18%

Amid falling interest rates and a recovering housing market, the stock price of HDC Hyundai Development Company continues its upward trend. Among major construction companies, HDC Hyundai Development has the largest proportion of its business in housing.

As of 9:56 a.m. on the 27th, HDC Hyundai Development was trading at 27,550 KRW, up 850 KRW (3.18%) from the previous trading day.

On the same day, Hanwha Investment & Securities stated, "If the housing market recovery continues, it will become the most clearly preferred stock within the construction sector," raising HDC Hyundai Development's target price to 35,000 KRW and maintaining a buy rating.

Researcher Song Yurim of Hanwha Investment & Securities said, "In terms of housing business, performance and financial risks are limited. Performance improvement is also expected to be clear, making it highly attractive among major construction companies," adding, "The Gwangwoon University Station area development project, with a total project cost of 4.5 trillion KRW, is scheduled to begin construction this November."

She also noted, "Since the end of 2022, risk management has been steadily implemented through sequential reduction of net debt, securing liquidity, and reducing contingent liabilities, resulting in the credit rating outlook being upgraded from 'A Negative' to 'A Stable' last month."