Hyundai Rotem recorded its highest price in the last year (52 weeks) during early trading on the 22nd.
As of 9:23 a.m. on that day, Hyundai Rotem was trading at 143,100 won, up 1,900 won (1.35%) compared to the previous trading day. It has seen a rising trend for seven consecutive trading days, and during early trading, the stock price rose to 145,800 won, setting a new 52-week high.
Hyundai Rotem is gaining attention due to expectations of increased order volumes in the defense business alongside new orders in the railway sector. Hyundai Rotem announced that it signed a contract for the production and supply of railway vehicles in the private investment project for the Western Metropolitan Subway and the Daegang-Hongdae metropolitan railway the previous day. The contract amount is 132.9 billion won, which corresponds to 3% of last year's sales.
In the defense sector, the production capacity of its main product, the K2 tank, is estimated to be at the level of 120 units, and it is expected to further increase its production capacity this year.
Baesung Jo, a researcher at Hanwha Securities, noted, "Regarding the first contract with Poland, 82 units will be delivered this year, with a total of 180 units completed." He added, "Nevertheless, the production speed is not slowing down, and the continuous production of the second and first contract units will prevent any gaps in exports."