Hanwha Ocean is continuing its upward trend, recovering the 100,000 won level in its stock price during trading. Improved investor sentiment is being driven by the global shipbuilding boom and expectations for orders of high-value-added vessels.

As of the morning session on the 29th, Hanwha Ocean is trading at 100,500 won, up 2,500 won (2.55%) from the previous trading day. Buying interest flowed in from the early hours of the session, recovering the 100,000 won level, and trading volume has surpassed 660,000 shares, maintaining relatively active trading.

■ Shipbuilding Boom Continues... Expectations for Earnings Improvement Strengthen The shipbuilding industry is drawing attention as one of Korea's representative sectors, as demand for eco-friendly vessel replacements and expanding orders for liquefied natural gas (LNG) carriers and offshore plants continue to grow. Newbuilding vessel prices are also maintaining high levels, supporting expectations for improved earnings among shipbuilders.

Hanwha Ocean has secured competitiveness in various fields, including LNG carriers, very large crude carriers (VLCCs), offshore plants, and special-purpose vessels. The company also possesses defense industry and naval vessel construction capabilities, giving it an edge in terms of business diversification.

■ Defense and MRO Emerge as Mid- to Long-Term Growth Drivers The overseas naval vessel maintenance, repair, and overhaul (MRO) market and the potential for expanded global defense cooperation are also cited as mid- to long-term growth factors. The possibility of expanding naval vessel cooperation with allied nations, including the United States, is highlighted as a factor for corporate revaluation.

Securities firms assess that earnings stability is increasing based on a robust order backlog, and that an expanded share of high-value-added vessels is highly likely to lead to improved profitability.

■ Key Variables and Risk Factors The market expects that while the shipbuilding industry maintains a favorable trend, new orders, offshore plant projects, and the expansion of the defense business will act as key variables for the future stock price.

However, some analyses suggest that earnings volatility may arise depending on exchange rates, steel plate prices, and global economic trends, necessitating a review of relevant indicators.

[This article was written with the assistance of AI. This article does not constitute investment advice, and the final decision and responsibility for investments lie with the investor.]