Hanwha Ocean (042660) is demonstrating a strong upward trend, overcoming the broader market weakness in the KOSPI.

As of 9:16 a.m. on the 17th, Hanwha Ocean is trading at 135,100 won, up 5,900 won (4.57%) from the previous trading day. At the same time, the KOSPI fell by 73.14 points (0.83%) to 8,653.46, indicating that the overall market is in a correction phase.

Having also shown strength in the previous trading day, Hanwha Ocean is continuing its consecutive rally, drawing keen interest in its future stock price trajectory.

The market cites expectations for Canada's next-generation submarine project (CPSP), estimated to be worth up to 60 trillion won, as the key factor supporting the stock price. Hanwha Ocean is engaged in a final-stage competition with Germany's ThyssenKrupp Marine Systems (TKMS) for selection as the ultimate contractor for the project.

Accordingly, investors are focusing on Hanwha Ocean's defense order momentum and the potential improvement in the shipbuilding industry's business conditions, even amid the market correction. The outcome of the Canadian submarine project is expected to be a crucial variable that will determine the future direction of the stock price.

[※ Investment decisions are the sole responsibility of the investor, and the content included in this article is subject to change depending on market conditions.]