[Featured Stock] Hanwha Systems Soars Over 6% on Defense and Satellite Momentum

Hanwha Systems' stock is showing strong performance, driven by exports and expected benefits from growth in the defense and satellite industries.

As of 9:42 AM on the 7th, Hanwha Systems was trading at 20,500 KRW, up 1,190 KRW (6.16%) from the previous trading day.

On the same day, Jiho Lee, a researcher at Meritz Securities, maintained a buy rating and a target price of 26,000 KRW for Hanwha Systems.

Operating profit for the third quarter of this year reached 57 billion KRW, up 43.7% compared to the same period last year, exceeding the market consensus by 15.6%. The researcher stated, "Thanks to the increased export ratio, the proportion of defense exports is gradually rising," adding, "In particular, radar exports to the Middle East are expected to accelerate next year."

He also said, "Strong performance through defense exports will dispel concerns," and added, "Interest in the 'New Space' industry is also expanding. Hanwha Systems is currently engaged in the microsatellite business and is expected to benefit from the emergence of satellite business development policies."