[Market Focus] Shinsung ENG Rises 3.82% on Expectations of Energy Policy Benefits

The stock price of Shinsung ENG, which is expected to benefit from the new government's energy policy, is on the rise.

As of 10:56 a.m. on September 17, Shinsung ENG was trading at 1,769 won, up 69 won (4.06%) from the previous trading day.

As of the first half of this year, Shinsung ENG's revenue breakdown by business segment was 90.4% from the clean environment division and 8.8% from the renewable energy division.

Kim Hyungyeom, a researcher at KB Securities, commented on Shinsung ENG, saying, "Now is the time to pay attention to the renewable energy division. In the second half of the year, expectations for the new government's RE100 (100% renewable energy) policy are being reflected, and there are signs of large-scale solar power projects resuming. Policy expectations could lead to an expansion of orders in the mid- to long-term, so this is a key point to watch."

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