[Featured Stock] Hanwha Aerospace Surges Above 750,000 Won... 52-Week High

Hanwha Aerospace has reached a 52-week high. This is interpreted as investor sentiment pouring in on expectations that it will benefit from Europe's push for rearmament.

As of 9:32 a.m. on the 17th, Hanwha Aerospace is trading at 748,500 KRW, up 43,500 KRW (6.17%) from the previous trading day. During the session, the price rose to 754,000 KRW, marking a new 52-week high.

Earlier, LS Securities predicted that domestic defense companies would benefit from Europe's rearmament.

Choi Jeonghwan, a researcher at LS Securities, said, "European rearmament will be difficult for the EU (European Union) to achieve on its own in the short term," adding, "Even setting aside industrial issues such as a lack of manufacturing capabilities, it will take a considerable amount of time to reach political consensus due to differences in positions between Western Europe and other European regions within the EU."

He further assessed, "In the future, the global defense industry market is likely to be reorganized with seven major market participants: South Korea?Eastern Europe, Western European Union, the United States, Israel, China, Russia, and the Third World (India, Turkey), targeting key markets such as Eastern Europe, Northern Europe, the Middle East, and the South China Sea."

Accordingly, he predicted, "Considering the current global geopolitical situation and industrial capabilities, South Korean defense companies will be the biggest beneficiaries in the short term."

He also judged, "Negotiations are underway for local production of K9 self-propelled howitzers, K2 tanks, and K239 Chunmoo multiple rocket launchers in Poland and Romania, centered on Hanwha Aerospace and Hyundai Rotem, and going forward, technology transfer and local production will become increasingly important in defense exports."