Vitzorsys shares were up more than 7% in early trading on the 26th. The buying was seen after news broke of a supply contract for a national railway infrastructure construction project.
As of 9:48 a.m., Vitzorsys stock was trading at 853 won on the KOSDAQ market, up 7.57% (60 won) from the previous day.
Earlier, Vitzorsys said it signed a contract with Korea National Railway to manufacture and install platform screen door electrical components at four stations, including Geumjeong Station on the Gyeongbu Line. The contract is worth 25.29618 billion won, equivalent to 98.6% of last year's sales. The contract period runs through Oct. 30 next year.
Successive public project wins by Vitzorsys appear to be boosting buying sentiment. In Aug. 2024, Vitzorsys signed a single sales and supply contract worth about 14.6 billion won with SR Co., the SRT operator, for "SRT integrated information system construction," and in Aug. last year it signed a 5.8 billion won contract to manufacture and install platform screen doors at Chojiyok on the Seohae Line.