[Featured Stock] 'LNG Unbalsaen Suhae' Oriental Jeonggong Rises Over 6%

Unrelated to "Lee Jaemyung-Related Stock" Orient Junggong

The stock price of Oriental Junggong, expected to improve its performance due to increased orders related to liquefied natural gas (LNG) carriers, is on the rise.

As of 9:50 a.m. on the 20th, Oriental Junggong was trading at 6,170 won, up 350 won (6.01%) from the previous trading day.

On this day, iM Securities evaluated Oriental Junggong, stating, "Performance improvement is accelerating due to increased orders related to LNG carriers driven by the favorable conditions in the upstream industry."

Researcher Lee Sangheon of iM Securities said, "As major clients such as Samsung Heavy Industries expand orders for high-profit vessel types like LNG carriers and floating liquefied natural gas facilities (FLNG), sales in Oriental Junggong's deckhouse business division are increasing, accelerating performance improvement," adding, "The increase in orders related to LNG carriers has also led to a rise in crane volumes."

However, some analysts suggest that the recent rise in Oriental Junggong's stock price may stem from its name being similar to Orient Junggong, which is classified as a stock related to Lee Jae-myung, the leader of the Democratic Party of Korea. Orient Junggong was classified as related to Lee because it became known that Lee worked at the Orient Clock factory in Seongnam, an affiliate of Orient Junggong, during his childhood. Oriental Junggong is a company unrelated to both Lee and Orient Junggong.