Among the newly listed stocks on the domestic KOSDAQ market this year, Hantech's share price has seen the largest increase compared to its IPO price.
According to the financial investment industry on October 9, Hantech's share price reached 42,700 won, marking a 295.4% rise from its IPO price of 10,800 won in just seven months since its listing on March 20.
Although the share price has retreated since reaching its post-listing high of 55,000 won on September 11, Hantech still recorded the highest increase among newly listed companies compared to their IPO prices. G2GBio followed, with a 245.7% increase from its IPO price. Now Robotics (240.4%) and Proteina (229.6%) also saw their share prices rise by more than 200% compared to their respective IPO prices.
Hantech primarily manufactures chemical equipment and storage tanks. Its chemical business division produces key equipment for the petrochemical industry, including heat exchangers. The tank business division installs industrial gas storage tanks. In the first half of this year, Hantech posted sales of 83.1 billion won and operating profit of 20.3 billion won. Compared to the same period last year, sales increased by 4.4% and operating profit surged by 210.6%.
The chemical equipment division, with over 50 years of experience, has secured delivery records in most countries worldwide. The company has been recognized for its unrivaled technological prowess in the field of special materials, including non-ferrous products. Expectations for new orders are rising as the U.S. government actively invests in LNG plants.
The background for Hantech's increased corporate value after its listing lies in the 'Alaska Liquefied Natural Gas (LNG) Project' promoted by U.S. President Donald Trump. As expectations for U.S. LNG chemical equipment orders grow, prospects are strengthening that Hantech's performance will improve in earnest starting next year.
Park Jeongin, a researcher at Korea Investment & Securities, explained, "During Trump's first term, Hantech's LNG order volume was 80 million dollars," adding, "We expect to secure orders for major clients' large-scale LNG projects by the end of this year."
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