[Special Stock] Daehan Jeonseon Shares Rise Over 11% on Large-Scale Order from Singapore

Daehan Electric Wire & Cable's stock price surged more than 10% following news of a large overseas order.

As of 2:25 PM on the 4th, Daehan Electric Wire & Cable's stock was trading at 13,260 KRW, up 11.06% from the previous day. The price started rising early in the session, reaching a high of 13,780 KRW before slightly retreating.

On the same day, Daehan Electric Wire & Cable announced the news of a large-scale order.

Daehan Electric Wire & Cable revealed that it had signed a supply contract worth a total of 836.8 billion KRW with the Singapore Power Authority. The order amount accounts for about 30% of last year's consolidated sales of 2.844 trillion KRW. The contract period is from the 3rd of this month until the fourth quarter of 2028.

Among the two contracts, the ‘NDC 373’ project is valued at 492.5 billion KRW. It is a mega project to build a 400kV (kilovolt) ultra-high voltage underground power grid, the highest voltage used locally, throughout Singapore.

The other contract, worth 344.3 billion KRW, involves a ‘Full-Turnkey’ project for the design, installation, and construction of a 400kV ultra-high voltage cable system.

This order is known to be the largest overseas project Daehan Electric Wire & Cable has secured to date.