[Featured Stock] 'Defense and Railroad Growth' Hyundai Rotem Rises 3.45%

Hyundai Rotem's stock price is rising in early trading on the 3rd, with expectations of solid growth in the defense industry and railway sectors.

As of 9:14 a.m. that day, Hyundai Rotem was trading at 54,000 won, up 1,800 won (3.45%) from the previous trading day.

Hyundai Motor Securities raised Hyundai Rotem's target price from 56,000 won to 64,000 won. They highlighted expectations for additional exports to Poland in the defense sector, new orders driving growth in the railway sector, and continued quarterly earnings growth, naming Hyundai Rotem as their top pick in the industry.

Minjung Kwak, a researcher at Hyundai Motor Securities, said, "There is a high possibility that a contract for the second delivery of tanks to Poland will be signed in the second half of this year. Romania and Slovakia also plan to introduce new tanks."

She added, "In the railway sector, a contract was signed this month with the Massachusetts Bay Transportation Authority (MBTA) in the United States. We also see potential positive factors in the high-speed rail project in Morocco and train purchase negotiations in Ukraine."