What Happened
Stock Price Target Raised Amid Strong Second Quarter Performance
Hanwha Aerospace has released a strong second-quarter performance, exceeding market expectations. The company’s operating profit was 1.365 trillion won, beating the consensus. This has led to a raise in the target stock price by Daol Investment & Securities and DS Investment & Securities. According to the report by MK, the strong sales of accessories and favorable exchange rates were key factors in the company’s success.