Hanwha Aerospace is rising on market expectations for its performance.
As of 9:23 a.m. on the 13th, Hanwha Aerospace is trading at 702,000 won, up 5.56% from the previous day.
Hanwha Aerospace has surged approximately twofold this year, and analysts in the securities sector noted there is potential for additional stock price increases.
On that day, Jeong Dong-ik from the KB Securities Research Institute said, "We have newly reflected the estimates for the Vietnam K9, the 100 units of the Indian K9, the remaining 308 units of the Polish K9, and the possibility of new country orders for Cheonmu and Redback into our estimates for 2025-2026."
He raised the target stock price from the previous 600,000 won to 830,000 won. Last year, Hanwha Aerospace's performance was due to high order margins from ground defense exports, an increase in exchange rates, improvements in productivity from increased production, and dilution of fixed costs. The researcher believes that this year will not be significantly different from last year.
He noted, "This trend is expected to strengthen further in the future, excluding the exchange rate, and it is anticipated that the exchange rate will not significantly decline for the time being."