Corporate Logo(source: hanwhacorp.co.kr)
As the domestic stock market continues its downward trend following a sharp drop in the U.S. market, Hanwha(000880) has managed to maintain an upward trajectory, buoyed by strong expectations for its subsidiaries' performance.
At 9:44 AM on March 11, Hanwha's stock was trading at 53,200 won, up 1% from the previous day. During the session, the stock even rose to 54,900 won, reflecting a 4% increase compared to the prior day.
Hanwha's recent stock price surge has been driven by positive earnings expectations for its subsidiaries, including Hanwha Aerospace(012450), Hanwha Ocean(042660), and Hanwha Life Insurance(088350). On March 10, Hanwha's stock price rose 9.76% compared to the previous session.
Domestic brokerages have also revised their target prices for Hanwha upward. Heungkuk Securities published a report today, raising its target price for Hanwha from 50,000 won to 60,000 won, an increase of 30%. Daishin Securities also raised its target price for Hanwha from 52,000 won to 60,000 won, forecasting further stock price growth.
Park Jong-ryeol, an analyst at Heungkuk Securities, commented, "Strong performances in the standalone division, Hanwha Life Insurance, and Hanwha Aerospace are expected to continue, and Hanwha Solutions(009830) is likely to achieve a profit turnaround." He also noted that although Hanwha Solutions recorded an operating loss of 322.2 billion won through the first half of last year, the company is expected to significantly reduce its losses in the second half and return to profitability this year. Despite weak demand in the chemical sector, Park expects performance improvements driven by specialty products and caustic soda.
Expectations for a change in governance and succession plans have also contributed to the rise in Hanwha's stock price. Yang Ji-hwan, an analyst at Daishin Securities, stated, "The purpose of Hanwha Energy's acquisition of Hanwha shares is to strengthen responsible management as a major shareholder and enhance shareholder value. However, with the three Kim brothers—Kim Dong-kwan, Kim Dong-won, and Kim Dong-seon—holding 100% of the shares, there are growing expectations for succession and governance restructuring through a merger with Hanwha."
*[KOSPI]Hanwha(000880) serves as a holding company for the Hanwha Group and holds shares in affiliates such as Hanwha Life, Hanwha Aerospace, and Hanwha Chemical, and its own businesses include gunpowder/defense/machinery/trading. Market capitalization is 3.9203 trillion won(as of March 10, 2025, closing price).
Corporate Logo(source: hanwhacorp.co.kr)
As the domestic stock market continues its downward trend following a sharp drop in the U.S. market, Hanwha(000880) has managed to maintain an upward trajectory, buoyed by strong expectations for its subsidiaries' performance.
At 9:44 AM on March 11, Hanwha's stock was trading at 53,200 won, up 1% from the previous day. During the session, the stock even rose to 54,900 won, reflecting a 4% increase compared to the prior day.
Hanwha's recent stock price surge has been driven by positive earnings expectations for its subsidiaries, including Hanwha Aerospace(012450), Hanwha Ocean(042660), and Hanwha Life Insurance(088350). On March 10, Hanwha's stock price rose 9.76% compared to the previous session.
Domestic brokerages have also revised their target prices for Hanwha upward. Heungkuk Securities published a report today, raising its target price for Hanwha from 50,000 won to 60,000 won, an increase of 30%. Daishin Securities also raised its target price for Hanwha from 52,000 won to 60,000 won, forecasting further stock price growth.
Park Jong-ryeol, an analyst at Heungkuk Securities, commented, "Strong performances in the standalone division, Hanwha Life Insurance, and Hanwha Aerospace are expected to continue, and Hanwha Solutions(009830) is likely to achieve a profit turnaround." He also noted that although Hanwha Solutions recorded an operating loss of 322.2 billion won through the first half of last year, the company is expected to significantly reduce its losses in the second half and return to profitability this year. Despite weak demand in the chemical sector, Park expects performance improvements driven by specialty products and caustic soda.
Expectations for a change in governance and succession plans have also contributed to the rise in Hanwha's stock price. Yang Ji-hwan, an analyst at Daishin Securities, stated, "The purpose of Hanwha Energy's acquisition of Hanwha shares is to strengthen responsible management as a major shareholder and enhance shareholder value. However, with the three Kim brothers—Kim Dong-kwan, Kim Dong-won, and Kim Dong-seon—holding 100% of the shares, there are growing expectations for succession and governance restructuring through a merger with Hanwha."
*[KOSPI]Hanwha(000880) serves as a holding company for the Hanwha Group and holds shares in affiliates such as Hanwha Life, Hanwha Aerospace, and Hanwha Chemical, and its own businesses include gunpowder/defense/machinery/trading. Market capitalization is 3.9203 trillion won(as of March 10, 2025, closing price).