[Featured Stock] 'Chosun Order Boom' Dongbang Seonki Up 7.30%

As the shipbuilding industry continues to experience a boom in orders centered on eco-friendly alternative fuel vessels, the stock price of Dongbang Sunki, a specialized ship piping equipment manufacturer, showed strong performance on the 4th. As of 9:40 AM that day, Dongbang Sunki was trading at 2,865 KRW, up 195 KRW (7.30%) from the previous trading day.

Lee Won-jae, a researcher at the Korea IR Association, stated, "In recent years, domestic shipbuilders have been expanding selective orders focused on high value-added eco-friendly alternative fuel vessels such as VLAC (Very Large Ammonia Carrier), VLGC (Very Large LPG Carrier), and VLEC (Very Large Ethanol Carrier) in the eco-friendly ship market." He explained, "Dongbang Sunki's existing core piping business has an average gross profit margin of around 20%, and the newly added STP (Sewage Treatment Plant) business segment has an average gross profit margin of 25%, indicating an improvement in profitability."

The researcher added, "In particular, through the STP business acquired from its parent company, Dongbang Sunki has secured an additional growth engine. The cumulative supply of STP units exceeds 5,000. It holds a 90% market share domestically and a 30% share globally, and its performance will be fully reflected starting from the second half of this year."