[Featured Stock] SK Hynix Etronics, Q4 Revenue Expected to Accelerate... Stock Price Up
SK Eteonics, a renewable energy construction company under SK Group, is trading sharply higher in the stock market on the 11th.
As of 11:42 a.m. that day, SK Eteonics was trading at 15,470 won, up 9.25% from the previous day's closing price. The stock price showed an upward trend from the beginning of the session and surged during the morning trading. It briefly touched the 17,000 won mark before giving back some of the gains.
This is interpreted as reflecting expectations that sales will increase significantly. SK Eteonics, which was spun off from SK D&D in March this year, recorded sales of only 18.1 billion won in the first half of the year. In the second half, as construction for onshore and offshore wind power and fuel cell power generation accelerates, sales recognition is expected to pick up substantially.
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The securities industry expects SK Eteonics to achieve sales exceeding 300 billion won in the second half alone, driven by progress in the Gunwi Pungbaek onshore wind power project, completion of fuel cell power plants in Chilgok, Yakmok, and Boeun, and the commencement of the Sinan Ui offshore wind power project.
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