Shares of SGC Energy, a KOSPI-listed company, were strong early on the 24th. Buying appears to be gathering on a securities industry view that stable earnings are expected from overseas plant construction.
As of 9:45 a.m. that day, SGC Energy was trading at 59,900 won on the Korea Exchange, up 2,600 won (4.54%) from the previous session.
SGC Energy is a renewable energy-based energy company that operates cogeneration plants and more.
On this day, You Jae-seon, a researcher at Hana Securities, issued a related report and said, "In the case of SGC Energy, the construction and real estate divisions are expected to deliver stable earnings based on the existing order backlog," and predicted, "With overseas plant construction underway, the stable growth trend will continue."
There is also growth momentum through new businesses. You said, "Through next year, revenue is expected to increase from the volume of renewable energy certificate (REC) issuances due to higher REC weighting," noting that an REC is a certificate issued for electricity produced through renewable energy such as solar power.
He added, "For the data center business, which aims to start operations in the first quarter of 2028, the equity structure has not yet been finalized, but a meaningful share will be secured."