Hanwha Ocean successfully rebounded on the 24th, drawing market attention. After a recent short-term correction, the stock has shifted back to an upward trend, fueling growing expectations for an expansion in defense orders.

According to the Korea Exchange, Hanwha Ocean closed at 106,000 won, up 1,500 won (1.44%) from the previous day. Its market capitalization remained at around 32 trillion won, ranking 24th on the KOSPI by market cap. On the same day, the domestic stock market rebounded as bargain-hunting inflows followed the previous day's sharp decline. Both KOSPI and KOSDAQ rose, with buying led by individual and institutional investors driving market sentiment.

The investment industry identifies special vessels and defense businesses as Hanwha Ocean's core growth axes. Among them, Canada's next-generation submarine procurement project has emerged as the most prominent focus. NH Investment Securities recently assessed in a report that the project could act as a critical variable for Hanwha Ocean's mid- to long-term value.

The project is currently in the process of selecting a preferred bidder. Hanwha Ocean is known to be competing against German shipbuilder TKMS in partnership with HD Hyundai Heavy Industries. The industry expects that, after going through price negotiations and coordination of detailed terms, the main contract will be signed around 2028.

However, some analysts note that given the nature of large-scale defense projects, political, budgetary, and diplomatic variables make it difficult to predict the outcome. Nevertheless, if successful in winning the order, Hanwha Ocean will secure a submarine construction track record in the North American market. This is evaluated as a potential stepping stone to expanding additional order opportunities in the global special vessel market.

The market is closely watching the progress of the Canadian project, along with the potential expansion of overseas defense orders and the trend of improving shipbuilding industry conditions, as key factors that will determine the stock's future direction.

[This article was produced with AI assistance. It is based on forecasts and analyses raised in the market and does not recommend buying or selling any specific stock. Stock investments carry the risk of principal loss, and investment decisions and responsibilities lie with the investor.]