[Featured Stock] "Stable Order Backlog" LIG Nex1 Up 6.75%

The stock price of LIG Nex1, expected to see profit growth based on a stable order backlog, is showing strong performance.

As of 1:36 PM on the 10th, LIG Nex1 was trading at 185,000 KRW, up 11,700 KRW (6.75%) from the previous trading day.

On the same day, Eugene Investment & Securities maintained a buy rating and a target price of 243,000 KRW for LIG Nex1, describing it as "a company with a steadily growing order backlog." Researcher Yang Seung-yoon from Eugene Investment & Securities stated, "The current overseas order pipeline (products under development) includes numerous items such as the US Bigung, Romania Singung, and Malaysia Haegung, and there are also talks about Iraq Cheongung," adding, "There are many items and a variety of countries involved in export discussions."

Researcher Yang added, "The domestic business is even more robust. In the fourth quarter of this year, long-range surface-to-air guided missile (L-SAM2) and medium-range surface-to-air guided missile (M-SAM3) system development contracts are expected to be secured," and said, "They are continuously securing future items." He further noted, "From the second half of the year onward, sales of Cheongung guided missiles in the Middle East will gradually be reflected, leading to steady and stable profit growth."