[Featured Stock] Hyundai Rotem Hits Record High... Expectations Rise for Defense Orders Expansion

Hyundai Rotem has reached an all-time high. The outlook that weapons demand will further increase in Europe and other regions appears to have acted as a positive factor.

As of 9:30 a.m. on the 12th, Hyundai Rotem's stock price rose 8.57% compared to the previous day, reaching 100,100 KRW. At one point, it climbed to 100,800 KRW, setting a new record high.

U.S. President Donald Trump’s pressure on allied countries to increase defense spending seems to have positively influenced expectations that defense orders will expand in Europe and other countries.

In fact, Hyundai Rotem is reportedly expected to sign an execution contract as early as next month for 180 units of the delayed K2 tank Poland 2-1 phase. The second phase contract is anticipated to exceed the first phase contract amount of 4.5 trillion KRW due to the addition of various options and the reflection of inflation.

Jung Dong-ik, a researcher at KB Securities, explained, "By the end of the first half of the year, the first phase contract for Romania, expected to be around 100 units, is also anticipated, increasing expectations for order expansion."