Hanwha Ocean (042660) barely held the 100,000-won line on June 30, the last trading day of the month, as its share price declined even amid a rising KOSPI.

According to the Korea Exchange (KRX), Hanwha Ocean closed at 100,300 won, down 5,200 won (4.93%) from the previous trading day. During the session, the price was pushed below 100,000 won, but it partially recovered its losses to finish above the 100,000-won threshold. The stock also dipped below the 100,000-won mark during intraday trading on June 29, the previous trading day, reflecting growing investor caution.

On the same day, the KOSPI index closed at 8,476.48, up 0.97%, forming a bullish market, yet Hanwha Ocean's share price moved in the opposite direction.

Canadian Submarine Project (CPSP) Announcement Imminent… Split Contract 'Ruled Out'

The market continues to focus on the imminent selection of a preferred bidder for the Canadian Patrol Submarine Project (CPSP), estimated to be worth up to 60 trillion won. Hanwha Ocean is competing as a finalist alongside Germany's ThyssenKrupp Marine Systems (TKMS).

Amid this, the possibility of a split contract has effectively been ruled out. According to foreign media reports, Canadian Minister of National Defence David McGuinty stated that the likelihood of dividing the contract among multiple companies is low, considering cost increases and project management efficiency.

Market analysts note that investor sentiment may shift depending on the final contract decision, project timeline, and the global defense procurement environment, emphasizing the need to continuously monitor related announcements.

[※ This article is not intended to solicit investment. The final judgment and responsibility for all investments lie with the investor.]