[Market Focus] Tae Young Construction Preferred Shares Surge 22% on 181.5 Billion Won Container Terminal Contract Win

Tae Young Construction Preferred Shares are showing strong gains in early trading.

As of 9:07 a.m. on December 29, Tae Young Construction Preferred Shares were trading at 13,590 won, up 22.65% (2,510 won) from the previous trading day.

Investor sentiment appears to have been boosted after the company announced, following the market close on December 26, that it had won a contract from Busan Port Authority to construct a container terminal and western seawall in the offshore area of Yeondo, Jinhae-gu, Changwon, Gyeongsangnam-do.

The contract is valued at approximately 181.5 billion won, which is about 6.7% of Tae Young Construction's recent revenue (about 2.6861 trillion won). The contract period runs from today until the end of July 2030.