Hanwha Engine (082740) continued its upward momentum in early trading on the 26th. Following a sharp surge in the previous session, the stock is showing strength for a second consecutive day, and a securities report has been released that simultaneously gives positive assessments of the company's new business expansion, its role within the Hanwha Group, and the competitiveness of its existing businesses.

As of 9:52 a.m. on the 26th, Hanwha Engine was trading at 47,950 won, up 500 won (1.05%) from the previous close. During the session, it rose as high as 48,500 won, widening its gain to the 2% range. Trading volume stood at 299,080 shares at the same time.

Hanwha Engine had also closed up 6.01% at 47,600 won the previous day, the 25th. While this marks two straight days of gains, recent trading sessions have shown large swings in both directions, so short-term volatility should also be watched.

◆ Yuanta Securities Issues 'BUY' Rating with Target Price of 107,000 Won

Yuanta Securities released a new analysis report on Hanwha Engine on the 25th, assigning an investment rating of 'BUY' and setting a target price of 107,000 won.

The brokerage identified three pillars as Hanwha Engine's investment merits: ▲new businesses ▲its standing within the Hanwha Group ▲the competitiveness of its existing engine business. It judged that not only growth in its core marine engine business, but also the potential for synergy with the group's shipbuilding and defense businesses and future expansion of its business areas could lift the company's enterprise value.

In particular, analysts noted that as the global shipbuilding industry shifts toward eco-friendly fuels and vessel replacement demand continues, business opportunities for engine makers could expand. If orders for ships using various fuels such as LNG and methanol increase, it could also have a positive impact on demand for related engines.

The market also views favorably the fact that, since joining the Hanwha Group, Hanwha Engine has been strengthening its ties with shipbuilding and marine businesses. Whether business cooperation with the group's shipbuilding affiliates expands, and the flow of overseas orders, are cited as key variables that will determine future performance.

However, the brokerage's target price is an estimate based on future earnings forecasts, industry conditions, and order intake circumstances. It does not mean the stock price will actually rise to that level, and earnings and share prices may vary depending on numerous factors such as shipbuilding industry conditions, vessel ordering trends, raw material prices, and exchange rates.

[Stock prices can show greatly expanded volatility depending on domestic and international market trends, industry supply and demand, corporate earnings and disclosures, raw material prices, and policy changes. There is a possibility of sharp short-term swings due to shifts in investor sentiment, so future direction should not be determined solely based on intraday fluctuations. Please comprehensively review official disclosures, earnings, business progress, and market supply and demand. This article is not intended to recommend the purchase or sale of any specific stock or to guarantee investment returns. This article was written with AI assistance.]