[Special Stock] 'Joseonju' Trend... Hanwha Engine Hits Intraday Record High

On the 14th, just five minutes after the market opened, Hanwha Engine's stock price reached an intraday all-time high of 28,750 KRW. However, the price fell back and as of 9:30 AM that day, it was recorded at 25,350 KRW, up 1% from the previous day.

The rising cycle of shipbuilding stocks that began at the end of last year appears to still be ongoing.

Regarding Hanwha Engine's upward trend, the securities industry cites various reasons such as entering a shipbuilding super cycle, success in large orders, improved earnings outlook, Trump's trust in Korean shipbuilding companies, and purchases by foreign investors.

According to Korea Investment & Securities, Hanwha Engine's order backlog at the end of last year was 3.4 trillion KRW, and it is expected to increase to 4 trillion KRW in the first quarter of this year. This means that orders are fully booked through the volume to be delivered by the first half of 2028.

However, in terms of profitability this year, the contribution from the non-ship engine segment is expected to increase. Analyst Kang Kyung-tae of Korea Investment & Securities analyzed, "While the profitability of ship engines is expected to stagnate in the first half of the year, AM (Aftermarket, including sales, repair, and maintenance of ship engine parts) sales, which can expect an operating profit margin of over 20%, will grow by 15% compared to last year."