[Market Highlight] RFHIC Rises for 5 Consecutive Days...Hits Record High
RFHIC continued its upward trend for the fifth consecutive day, reaching a new 52-week intraday high.
As of 9:17 a.m. on June 26, RFHIC was trading at 24,500 won on the Korea Exchange, up 350 won (1.45%) from the previous day. During the session, the stock climbed as high as 25,350 won, setting a new 52-week high.
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It is believed that expectations for improved performance driven by growth in the defense sector sales have influenced the stock price. Lee Changmin, a researcher at KB Securities, stated, "While sales of communication equipment, which had been sluggish for a long period, are showing signs of recovery, sales in the defense sector, which have high profitability, continue to grow. As a result, the trend of performance improvement is likely to continue for the time being." He added, "Since the downstream market is performing well, RFHIC's power amplifier business, which is used in radars and guided missiles, could see additional upside depending on future order flows."
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