The strength of Hanwha’s stock has been reversed.
As of 9:56 a.m. on the 14th, Hanwha Vision, which recorded a limit up the previous day, is trading down 11.03% at 48,400 won. In addition to Hanwha Vision, the group’s stocks are generally weak.
Hanwha System fell 4.44% from the previous day, and Hanwha Engine also declined by 3.98%. Additionally, Hanwha Ocean (-3.48%), Hanwha (-2.02%), Hanwha Solutions (-0.91%), and Hanwha Aerospace (-0.58%) also saw declines.
This trend in stock prices is attributed to a surge in profit-taking transactions. Until the previous day, most of Hanwha’s group stocks were strong.
The previous day, Hanwha Ocean rose 6.31%, and Hanwha Vision (29.99%), Hanwha Galleria (13.36%), Hanwha (11.80%), Hanwha Life (7.57%), Hanwha System (6.40%), Hanwha Engine (6.31%), Hanwha Investment & Securities (5.22%), Hanwha Solutions (3.79%), and HANWHA GENERAL INSURANCE (1.89%) also all surged.
Expectations for restructuring have increased as Hanwha Aerospace has begun acquiring the shares of Hanwha Ocean, which are scattered within the group. Today, stock prices seem to be stabilizing.
In the securities industry, it is viewed that Hanwha still has potential for stock price increases. Park Jong-ryeol, a researcher at Kiwoom Securities, noted, “Hanwha will continue to show good performance this year as well,” adding that “with the solid performance of Hanwha Life and Hanwha Aerospace continuing, Hanwha Solutions is likely to achieve a profit turnaround.”