[Featured Stock] Sambutogeon, 'Expectations for Ukraine Reconstruction Project' Drive Stock Price Up for 3 Consecutive Days

On the 8th, in the stock market, Sambu Construction's stock price is soaring due to expectations for Ukraine reconstruction projects following the end of the Russia-Ukraine war.

As of 2:40 PM on the same day, Sambu Construction's stock price was recorded at 946 won, up 24.27% from the previous day's closing price. The price started rising early in the session and expanded its gains throughout the trading hours.

Sambu Construction's stock price peaked at 5,500 won in July last year and underwent a correction for one year and three months. Recently, the price had fallen to as low as 440 won. However, on the 6th, it surged 30% to hit the upper limit, and it rose another 7.41% the day before, showing about a 90% increase over the week.

The recent sharp rebound in the stock price is closely related to the U.S. presidential election results. With former President Donald Trump being re-elected as U.S. president, there is an analysis that the possibility of an early end to the Russia-Ukraine war has increased.

Previously, Trump asserted regarding the Ukraine war that he maintains "good relations" with both President Zelensky (Ukraine) and President Putin (Russia), and stated, "If re-elected, I will immediately end the war within 24 hours and have a specific strategy and plan."

Sambu Construction has been actively pursuing participation in reconstruction projects, signing agreements last year with Ukrainian regional cities such as Konotop, Mariupol, and Irpin. In June, it also signed a memorandum of understanding with Ukraine IPGD in Warsaw, Poland, regarding participation in Smart City 4.0.