[Featured Stock] HD Hyundai Marine Engine Rises on News of 100 Billion KRW Ship Engine Supply Contract

HD Hyundai Marine Engine is showing strong performance in early trading. The news of a ship engine supply contract worth approximately 100 billion KRW is believed to have boosted investor sentiment.

As of 9:08 AM on the 13th, HD Hyundai Marine Engine is trading at 29,900 KRW, up 7.94% (2,200 KRW) from the previous day.

Through a disclosure on the same day, HD Hyundai Marine Engine announced that it had signed a ship engine supply contract worth 103.4 billion KRW with HD Hyundai Mipo. This amount corresponds to 42.2% of HD Hyundai Marine Engine's 2023 sales. The contract period extends until May 18, 2028.

Stock market forecasts are also positive. Kwangsik Choi, a researcher at Daol Investment & Securities, analyzed HD Hyundai Marine Engine, stating, "With captive volume from HD Hyundai Mipo, sales are expected to grow 136% from 2024 to 2026," and added, "Additional growth is also anticipated through parts cooperation synergy with HD Hyundai Heavy Industries." Researcher Choi projected this year's annual order amount and sales to be 900 billion KRW and 580 billion KRW, respectively. The target stock price is 45,000 KRW.