Hanwha Engine's stock price is strong in early trading on the 22nd. The buying trend is interpreted as stemming from securities firms' forecasts that the company will achieve the largest order volume in its history this year.
As of 9:29 a.m. on the 22nd, Hanwha Engine is trading at 25,250 won, up 850 won (3.48%) from the previous trading day on the KOSDAQ.
The forecast from securities firms that Hanwha Engine will achieve the largest order volume in its history this year is interpreted as improving buying sentiment.
Han Seung-hwan, a researcher at SK Securities, said, “Hanwha Engine is likely to achieve the highest level of order volume this year,” adding, “The new order amount for the first quarter (January to March) of 1.0587 trillion won already accounts for 64% of last year's total order volume of 1.649 trillion won.”
Kang Kyung-tae, a researcher at Korea Investment & Securities, analyzed, “The upward trend in average selling prices (ASP) for ships will continue until 2028,” noting that “the revenue from the ship parts service business (AM), which exceeded the company's estimates, has also entered a full-fledged growth phase this year.”