Shares of Hyundai Engineering & Construction listed on the KOSPI were strong in early trading on the 25th. Buying gathered as analysts in the securities industry said large orders are likely to continue on the back of the global nuclear power industry's activation.
As of 10:07 a.m. that day, Hyundai Engineering & Construction was trading at 153,000 won, up 14,500 won (10.47%) from the previous session.
This is seen as reflecting expectations that the global nuclear power industry will expand.
Song Yu-rim, an analyst at Hanwha Investment & Securities, said, "Hyundai Engineering & Construction holds by far the most nuclear power plant construction experience among domestic builders and, as the main player behind the success of the UAE nuclear power plant—the only export project of a Korean reactor design—has secured the strongest reference," adding, "It maintains close partnerships with Westinghouse for large nuclear plants and Holtec for small modular reactors (SMRs), so we assess that it has secured the richest and most reliable order pipeline in this global nuclear power expansion cycle."
She added, "The first EPC (engineering, procurement and construction) contract for the global nuclear power business is scheduled this year, and large-scale orders are set to pour in across the board, including data centers, offshore wind power, affiliate projects, mixed-use development, and urban renewal, so expectations for results are particularly high."