[Special Stock] 'Overseas Order Performance Gains Momentum' SNT Energy Up 3.83%

The stock price of SNT Energy, which has begun to see tangible results from overseas orders, is on the rise. As of 10:39 AM on the 24th, SNT Energy was trading at 13,550 KRW, up 500 KRW (3.83%) from the previous trading day.

The main product is the 'air-cooled heat exchanger' used in oil and gas plants. It is a device that cools the heat generated in the plant using air. It is essential in Middle Eastern countries where industrial water is limited.

On the same day, Kim Jeong-chan, a researcher at Korea Investment & Securities, said, "The order results from the long-term procurement contract with Saudi Aramco are becoming apparent. New orders in the second quarter reached 205.4 billion KRW, marking the highest quarterly order record, and the order backlog also increased to 625.2 billion KRW."

Researcher Kim added, "As major gas field expansion projects by Aramco proceed, a high order backlog will be maintained. The subsidiary established in the United Arab Emirates (UAE) is expected to begin normal operations as early as the beginning of next year. This is the point at which growth momentum from orders accelerates."