[Click e-Stock] "Hanwha Aerospace, Unstable Global Situation"

On January 15, Hana Securities stated that Hanwha Aerospace’s fourth-quarter results for last year are expected to have met market expectations. The target stock price was raised from 12.3 million won to 14.6 million won.

Chae Woonsam, a researcher at Hana Securities, explained, “We estimate that Hanwha Aerospace achieved sales of 8.4 trillion won and operating profit of 1.1 trillion won in the fourth quarter of last year.”

He added, “This represents an increase of 74.0% and 22.3%, respectively, compared to the same period last year. Given that the base effect was high due to the concentration of deliveries to Poland in the fourth quarter of 2024, the company performed well.”

He analyzed, “The recent stock price has been heavily influenced by various news that destabilize the global situation. Examples include the breakdown of Russia-Ukraine peace talks, US-Venezuela military operations, US-Iran and Saudi-UAE tensions, and remarks by the US regarding Greenland.”

Researcher Chae pointed out, “Most of these issues are related to the United States. This means that a single remark by President Donald Trump could quickly resolve the geopolitical instability.” He further predicted, “Considering the US national security strategy, at least during President Trump’s term, the trend of increasing US defense spending to counter China and the rise in defense budgets among allied countries to meet their own security needs will continue.”

He stated, “Hanwha Aerospace’s order pipeline is estimated to be about 50 trillion won,” and added, “Amid ongoing global instability and the trend of increasing global defense budgets, the company is expected to benefit in the medium to long term.”