Hansung Cleantech shares hit the daily upper limit on the 20th. The move appears to reflect news of orders from Samsung Electronics followed by brokerages' analysis that a turnaround in earnings is expected.
As of 9:42 a.m. that day, Hansung Cleantech was up 29.99% (436 won) from the previous trading day at 1,890 won.
Hansung Cleantech, which engages in industrial water treatment engineering, procurement and construction (EPC) and liquid designated waste businesses, said on the 18th that it won orders from Samsung Electronics and DB HiTek.
Hansung Cleantech won the Samsung Electronics Pyeongtaek semiconductor plant P5 project change contract and the DB HiTek Eumseong Sangu plant ultrapure water (UPW) EPC project, each worth about 15.5 billion won. The total contract size is about 31 billion won.
Brokerages also gave positive reviews, saying a turnaround in this year's earnings is expected. Independent research firm Value Finder said in a report that Hansung Cleantech is securing back-to-back orders from Samsung Electronics and SK hynix and is recording an all-time-high order backlog. It said this would provide positive impact and momentum for earnings over the mid to long term.
Jeon U-bin, an analyst at Value Finder, said, "As this is the first year when the large-scale expansion cycle at both Samsung Electronics and SK hynix is beginning to translate into results, Hansung Cleantech deserves attention."