[Featured Stock] Korea Aerospace Industries Up Over 4% on "Solid Order Pipeline"

Korea Aerospace Industries is showing strong performance in the early trading session on the 16th. It appears that buying momentum surged as securities firms consecutively raised their target prices, anticipating steep earnings growth.

As of 10:10 AM on the day, Korea Aerospace Industries is trading at 81,200 KRW, up 4.37% from the previous trading day.

Expectations for expanded orders of FA-50 and KF-21 were cited as factors driving earnings growth. Jeonghwan Choi, a researcher at LS Securities, stated, "Korea Aerospace Industries' main products consist of cost-effective weapon systems, aligning with recent global trends in aerospace weapon systems. In the case of the FA-50, mass production and revenue recognition are possible within a short period, and the KF-21 is a weapon system that will lead a quantum leap in South Korea's defense industry in the future." Hangyeol Lee, a researcher at Kiwoom Securities, assessed, "Starting next year, a significant growth in deliveries of complete aircraft such as KF-21, LAH, and overseas export projects will lead to a substantial improvement in earnings."

Accordingly, Kiwoom Securities raised Korea Aerospace Industries' target price to 96,000 KRW, and LS Securities raised it to 95,000 KRW.