[Market Focus] Pungsan Rallies for Third Day on Earnings Hopes, Surpasses 80,000 Won

Pungsan continued its strong performance for the third consecutive day, surpassing 80,000 won during intraday trading.

As of 9:14 a.m. on June 11, Pungsan was trading at 83,200 won on the Korea Exchange, up 6,200 won (8.05%) from the previous day. The stock climbed as high as 86,500 won during the session, marking a new all-time high.

The rise in copper prices and strong performance in the defense sector are seen as the main drivers behind the stock's upward momentum. Kim Jinbeom, a researcher at SangSangin Securities, explained, "There are three main reasons behind Pungsan's sharp stock price increase. First, concerns over structural supply-demand imbalances in copper and the Trump administration's tariff plans have supported continued strength in copper prices. Second, expectations for a second-quarter earnings surprise have played a significant role. Additionally, the recent rally in defense sector stocks has highlighted the value of Pungsan's defense business, which likely had a positive impact on the share price."

Kim Yoonsang, a researcher at iM Securities, stated, "Pungsan's consolidated operating profit for the second quarter of this year is expected to reach 127 billion won, up 82.9% from the previous quarter, significantly exceeding market expectations." He explained, "This is mainly due to strong results in the defense sector and better-than-expected performance in the civilian sector, which have led to a substantial improvement in the company's overall results."