[Featured Stocks] Taewoong Supported by Joseon, Wind Power Lifts... 'Bullish'

Taewoong is showing strength. This is interpreted as being influenced by securities firms' analysis expecting simultaneous growth in the wind power and shipbuilding sectors starting next year.

As of 1:45 PM on the 18th, Taewoong was trading at 14,580 KRW, up 720 KRW (5.19%) compared to the previous trading day.

On the same day, NH Investment & Securities set Taewoong's target stock price at 21,000 KRW. They also forecast Taewoong's sales and operating profit in 2025 to be 516.2 billion KRW and 57.3 billion KRW, respectively, representing increases of 18.1% and 74.9% compared to the previous year.

The analyst stated, "Expansion in the wind power sector is scheduled for next year," adding, "After the expansion, Taewoong's maximum flange production capacity in 2025 will increase by 20%, and given the steady demand situation, we believe all additional production volume will be sold."

He emphasized, "Taewoong has already experienced an excess demand market for flanges in 2023," noting, "At that time, the flange operating rate reached 90%, and flange prices are estimated to have increased by 20% compared to the previous year."

Along with this, sales volume and product price increases in the shipbuilding sector are also expected to continue. He explained, "This is due to the expansion of market share toward domestic shipbuilders as well as the addition of overseas shipbuilders as clients," and added, "Product unit prices are also expected to rise to the usual levels of equipment suppliers through negotiations with clients."