[Hot Stock] Dongil Rubber Belt Surges... Expectations for Ukraine Reconstruction
![[Hot Stock] Dongil Rubber Belt Surges... Expectations for Ukraine Reconstruction](http://www.asiae.co.kr/news/img_view.htm?img=2022070115010134662_1656655260.jpg)
[Asia Economy Reporter Junho Hwang] On the 1st, despite the KOSPI falling below the 2300 level, the stock price of Dongil Rubber Belt is showing a sharp rise.
As of 2:55 PM on the same day, Dongil Rubber Belt is trading at 7,230 KRW, up 1,030 KRW (16.61%) from the previous close.
The rise is analyzed to be due to news that American companies are moving to participate in the reconstruction of Ukraine.
Andy Hunter, Chairman of the American Chamber of Commerce in Ukraine, stated through the economic media MarketWatch, "As the war in Ukraine approaches six months, American companies argue that they should invest in Ukraine now."
Hot Picks Today
"Such chaos for the first time in 140 years"... Even illnesses surge, Tokyo stunned by 'unbelievable' event
- "With the Push of a Remote Button, Cash Pours Out"... U.S. Cartel Steals 55.2 Billion Won by Hacking ATMs
- "Pulled the Joystick Just Like on TV": The Miraculous 30 Seconds That Saved 174 Lives
- "Sold Out Despite Only Plain Rice and a Few Pieces of Fish"... What's Behind Japan's 2,000 Won 'Frugal Lunchbox' Craze at Convenience Stores?
- "Nothing Left to Buy, Feeling Indifferent"... 'Rich Daughter' Vibe in Department Stores with 'Hyunbaek Core'
Dongil Rubber Belt has signed a supply contract worth 150 billion KRW with Caterpillar, the No.1 heavy equipment company in the United States, and plans to deliver by October 31 next year. It is analyzed that investors' interest is gathering in Dongil Rubber Belt due to the high possibility that Caterpillar's heavy equipment will also be deployed in the US investment for Ukraine's reconstruction.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
