Hanwha Ocean (042660) showed a different trend from the broader market's downward trajectory on the first trading day of July. Even as the KOSPI fell by more than 2%, the stock recorded gains, drawing focused attention to its future share price direction.

On the KRX trading session on the 1st, Hanwha Ocean closed at 103,300 won, up 3,000 won (2.99%) from the previous trading day. On the same day, the KOSPI ended trading at 8,303.41, but Hanwha Ocean dipped below the 100,000-won mark in early trading before rebounding, demonstrating strength that diverged from the broader market.

With improving investor sentiment toward the defense and shipbuilding sectors continuing recently, Hanwha Ocean has steadily maintained the 100,000-won range, attracting investor interest.

The biggest variable going forward is Canada's next-generation submarine project. Estimated at approximately 60 trillion won, the project involves the acquisition of 12 submarines and is regarded as a major contract competition in the global defense industry. Whether Hanwha Ocean can ultimately win the contract against Germany's ThyssenKrupp Marine Systems (TKMS) is the market's key focus.

Based on circumstances so far, it is difficult to predict who will win the contract. Market participants are focusing on the possibility of a preferred bidder being selected or a related announcement being made this month, with analyses suggesting that this schedule should be closely monitored.

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