South Korea's Hanwha group shares rally on defence, shipbuilding boost

Hanwha Systems

11/02/2025 05:02

** Shares of South Korea's Hanwha group companies rally,
with the defence affiliate hitting a record high on strong
earnings
    ** Hanwha Aerospace  012450.KS  rises as much as 19.6% to
494,000 won, a record high, after posting a 222% jump in
operating profit
    ** "Hanwha Aerospace recorded a surprising result in the
fourth quarter, thanks to a surge in defence exports. Reflecting
the value of its acquisition of shares in Hanwha Ocean, we raise
the target price by 22.4% to 600,000 won," -Shinhan Securities
    ** Hanwha Ocean  042660.KS  jumps as much as 12.7% to the
highest since November 3, 2015
    ** South Korea has become one of the world's major arms
exporter in recent years, with the sector expected to gain
momentum under U.S. Donald Trump's security policy
    ** Hanwha Ocean, which has a shipyard in the United States,
has rallied since Trump's request for cooperation with South
Korea's shipbuilding industry
    ** Hanwha Corp  000880.KS  rises as much as 7.8%, Hanwha
Systems  272210.KS  gains 3%, while the benchmark KOSPI  .KS11 
rises 0.9% 


 (Reporting by Jihoon Lee)
 ((jihoon.lee@thomsonreuters.com))