[Featured Stock] HDC Hyundai Development Company Rises 3.28% on 'Gwangwoon University Station Area Project Approval'

As profit growth is expected from large-scale projects such as housing development in the Gwangwoon University station area, HDC Hyundai Development Company's stock price is on the rise. As of 9:45 AM on the 2nd, HDC Hyundai Development Company was trading at 26,800 KRW, up 850 KRW (3.28%) from the previous trading day.

On this day, KB Securities named HDC Hyundai Development Company as the top preferred stock in the industry, stating, "It has better potential than the stock's peak in 2015," and "This is because the scale and quality of its own inventory are superior, and the timing of its land acquisition is overwhelmingly favorable."

Jang Moon-jun, a researcher at KB Securities, said, "The housing construction project plan for the Gwangwoon University station area was approved by Nowon-gu on the 30th of last month. Accordingly, the visibility of the Gwangwoon University station area project’s groundbreaking and sales in November has become clear," adding, "Although the project scale is known to be a total of 4.5 trillion KRW, KB Securities judges the actual scale to be around 5 trillion KRW."