The news that KOSDAQ-listed company BHI will supply power equipment worth 520 billion won to a Philippine electric company has led to a strong stock price increase early in the trading session on the 28th.
As of 9:41 a.m. that day, BHI is trading at 24,650 won, up 2,850 won (13.07%) from the previous trading day. During the session, the price rose to 25,450 won, setting a new one-year high.
BHI, a specialized power equipment company, announced that it signed a contract to supply a circulating fluidized bed (CFBC) boiler worth about 520 billion won with the Philippine electric company 'San Miguel Global Power Holdings (SMC Global)' after the market closed on the previous trading day, the 25th. The contract amount represents 127.9% of the recent sales.
BHI is expected to receive about 54 billion won, equivalent to a down payment, in installments from next month until April next year. The contract period is from the 25th to September 30, 2028.
A representative from BHI noted, "This contract is a case where we have secured all areas in the boiler and related institutional sectors," adding, "We will do our best to win various projects to be conducted in the Philippines based on this groundwork."