Hanwha Ocean is drawing investors' attention as it shows weakness during trading hours despite positive outlooks from the securities industry.

As of the morning of the 23rd, Hanwha Ocean was trading around 112,400 won, down more than 4,000 won from the previous trading day, recording a decline of over 3%. The stock started the session on a strong note but soon reversed to the downside.

In a new report, NH Investment Securities assigned an investment opinion of 'BUY' and a target price of 175,000 won for Hanwha Ocean. Based on the previous trading day's closing price, this represents approximately 50.2% of additional upside potential.

Large Order Wins as the Key Inflection Point

NH Investment Securities highlighted that Hanwha Ocean is poised to announce the results of its bids for global large-scale projects. In particular, the firm explained that the outcomes of mega orders — including the ▲ Canadian submarine project and ▲ Brazil's Venus FPSO (Floating Production, Storage, and Offloading) project — are expected to be disclosed around June to July.

The securities industry views the success of these project bids as a key variable for the revaluation of the company's enterprise value going forward. If the orders are secured, the company's competitiveness in the defense and offshore plant sectors is expected to be re-evaluated, potentially strengthening its position in the global market. Additionally, analysts noted that the materialization of large project orders would boost expectations for follow-up contracts, which is significant for securing mid- to long-term growth drivers.

Short-Term Pressure Factors Also Exist

However, some in the market point out that profit-taking sell-offs have emerged following the recent sharp rise in the stock price, while expanded volatility in global stock markets and interest rate uncertainty are also affecting short-term investor sentiment.

Investors are closely watching whether the upcoming results of the Canadian submarine project and FPSO project orders will serve as key variables in determining the direction of Hanwha Ocean's stock price.

[※ This article was written with the assistance of AI based on publicly available data and market information. The content included in this article serves as reference material for investment decisions and does not constitute a recommendation to buy or sell any specific stock or guarantee returns. The stock market may fluctuate due to various variables, so investment decisions should be made at the investor's own judgment and responsibility. As some information may be subject to interpretation or errors during the AI analysis process, investors are strongly advised to verify official disclosures and corporate announcements before making any final investment decisions.]