Heat exchanger and heat recovery steam generator manufacturer SNT Energy hit a 1-year high on the 11th.
According to the Korea Exchange, as of 9:52 a.m. that day, SNT Energy was trading at 67,400 won, up 6,000 won (9.77%) from the previous trading day. SNT Energy climbed as high as 67,800 won intraday, rewriting its 1-year high.
This is seen as buying interest flocking to the news that SNT Energy signed an air cooler supply contract with U.S. engineering company Bechtel Energy. The supply contract is worth about 33.674 billion won, equivalent to 11.44% of SNT Energy's consolidation sales last year. The contract runs until Dec. 3 next year.
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