[Featured Stock] HD Hyundai Construction Equipment Rises on Large-Scale Order News
HD Hyundai Construction Equipment is showing strong performance by proving its global market competitiveness, including signing a large-scale construction equipment supply contract in the Philippines.
As of 1:48 PM on the 22nd, HD Hyundai Construction Equipment is trading at 72,300 KRW, up 9.88% from the previous day.
![[Featured Stock] HD Hyundai Construction Equipment Rises on Large-Scale Order News](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
HD Hyundai Construction Equipment recently won a bid for medium-sized excavators issued by the Philippine Department of Public Works and Highways, securing a supply contract for a total of 122 units, including 48 units of 21-ton excavators and 74 units of 22-ton excavators.
This is HD Hyundai Construction Equipment's first global order of the year, accounting for 36% of the total volume sold in the Philippines last year. The company plans to supply equipment to the Philippine Department of Public Works and Highways from this month through March.
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Lee Dong-heon, a researcher at Shinhan Investment Corp., explained, "Momentum is expected from February with China's stimulus measures, Ukraine reconstruction, and equivalent investments in the United States."
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