[Featured Stock] HD Hyundai Construction Equipment Rises on Large-Scale Order News

HD Hyundai Construction Equipment is showing strong performance by proving its global market competitiveness, including signing a large-scale construction equipment supply contract in the Philippines.

As of 1:48 PM on the 22nd, HD Hyundai Construction Equipment is trading at 72,300 KRW, up 9.88% from the previous day.

HD Hyundai Construction Equipment recently won a bid for medium-sized excavators issued by the Philippine Department of Public Works and Highways, securing a supply contract for a total of 122 units, including 48 units of 21-ton excavators and 74 units of 22-ton excavators.

This is HD Hyundai Construction Equipment's first global order of the year, accounting for 36% of the total volume sold in the Philippines last year. The company plans to supply equipment to the Philippine Department of Public Works and Highways from this month through March.

Lee Dong-heon, a researcher at Shinhan Investment Corp., explained, "Momentum is expected from February with China's stimulus measures, Ukraine reconstruction, and equivalent investments in the United States."