[Special Stock] HJ Junggongup Breaks Record High on Construction Order Win in the Philippines

HJ Heavy Industries is continuing its upward trend on the 19th, fueled by a series of contract wins.

As of 9:47 AM, HJ Heavy Industries is trading on the KOSPI market at 5,480 KRW, up 90 KRW (1.67%) from the previous close.

During the day, the stock price reached a high of 5,510 KRW, setting a new 52-week high.

After the market opened, HJ Heavy Industries announced that it had signed a contract with the Philippine Department of Transportation for the construction of the new Cebu Port project. The contract is valued at 282.4 billion KRW, accounting for 13.06% of last year’s revenue. The contract period is 35 months from the actual start of construction.

On the previous day, HJ Heavy Industries also hit the upper price limit after winning a maintenance, repair, and overhaul (MRO) contract for the Navy’s Dokdo-class ship and high-speed landing craft. The stock price surged by the maximum daily limit of 28.33%, quickly climbing into the 5,000 KRW range.