With news of former President Donald Trump's potential return to power, expectations for a Russia-Ukraine ceasefire have risen, causing DYPNF's stock price to surge.
As of 1:28 PM on the 7th, DYPNF was trading at 11,100 KRW, up 1,100 KRW (11.00%) compared to the previous trading day.
During the presidential campaign, candidate Trump emphasized that he would end the Russia-Ukraine war within 24 hours. If the war ends, it is expected that DYPNF will benefit from the normalization of the Russia Baltic Project construction, which has already received orders, and the resumption of large-scale petrochemical plant investments.
DYPNF is a company specializing in powder conveying systems. In 2022, it signed a contract to supply pneumatic conveying systems (PCS) for the Russia Baltic Project, the largest petrochemical plant project in history.
Notably, DYPNF won the order competition against the global company Zeppelin, gaining worldwide recognition for its advanced technology.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
