[Featured Stock] Hanwha Systems Rises... Optimism for Fili Joseon Performance Amid Core Business Growth

On the 12th, Hanwha Systems' stock price showed a strong performance, rising more than 13% intraday. This appears to be driven by positive factors including growth in its core business and expectations of a turnaround to profitability at the Philippine shipyard.

As of 10:03 a.m. that day, Hanwha Systems' stock was trading at 28,750 KRW, up 13.64% from the previous day. At one point during the session, it reached 29,100 KRW, marking a yearly high.

The continued growth in the defense sector's core business, combined with the consolidated reflection of the Philippine shipyard's performance, is seen as a reason for the expected additional growth. Although the Philippine shipyard recorded an operating loss of 111.5 billion KRW last year, it is projected to turn profitable next year due to increased proficiency in remaining National Security Multi-purpose Vessel (NSMV) orders and recognition of container ship sales starting this year. Jeong Dong-ho, a researcher at Mirae Asset Securities, explained, "In the mid to long term, benefits from U.S.-related legislation, increased volume in U.S. Navy maintenance, repair, and overhaul (MRO), and potential participation in new shipbuilding projects are expected."