4 stories mentioning KRX:064350Updated 36d ago
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Hyundai Rotem (KRX:064350) posted first-quarter net income attributable to shareholders of 201.4 billion won, up 27% from 158.4 billion won a year earlier, according to a Friday filing with the Korea Exchange.The South Korean defense products and equipment maker's sales jumped 24% year over year to 1.457 trillion won from 1.176 trillion won.Shares of Hyundai Rotem fell 1% at market close.
Hyundai Rotem (KRX:064350) secured three phases of the Vietnam Ho Chi Minh City MRT Line 2 localization project from Truong Hai Group Corporation, according to two Friday filings with the Korea Exchange.The contract for the first phase of the project is valued at 156.6 billion won, while the second and third phases are valued at 334.5 billion won, the filings said.All three phases are expected to be completed by Dec. 31, 2032.Shares of Hyundai Rotem rose over 4% in recent trade.
South Korean shares closed slightly higher on Monday despite an increase in tensions between the US and Iran after the U.S. Navy destroyer USS Spruance intercepted an Iranian-flagged cargo vessel called Touska near the Strait of Hormuz and Iran issued a warning to the US in the aftermath of the incident.Investors chose to shift their focus on the upcoming first-quarter earnings season instead.The Korea Composite Stock Price Index or Kospi rose 27.17 points, or 0.4%, to end at 6,219.09. The Kosdaq also increased by 4.81 points, or 0.4%, to close at 1,174.85.In corporate news, SK Hynix (KRX:000660) began the mass production of high-capacity 192GB products, which are optimized for Nvidia's Vera Rubin platform, the chipmaker said in a Monday release.The SOCAMM2 192GB (gigabyte) product is a memory module standard that is based on 10-nanometer class 6th generation (1c) LPDDR5X low-power dynamic random access memory.Shares of the chipmaker increased over 3% at market close.In other news, South Korean credit rating firms Korea Ratings, Korea Investors Service, and NICE Investors Service upgraded Hyundai Rotem's (KRX:064350) credit rating to AA- from A+.The upgrades were based on the defense systems manufacturer's strong capability to repay debt, improved earnings, and financial stability.Shares of Hyundai Rotem rose nearly 2% at market close.
South Korean credit rating firms Korea Ratings, Korea Investors Service, and NICE Investors Service upgraded Hyundai Rotem's (KRX:064350) credit rating to AA- from A+, Yonhap News reported Monday.The upgrades were based on the defense systems manufacturer's strong capability to repay debt, improved earnings, and financial stability, the report said, citing Hyundai Rotem.Looking ahead, Hyundai Rotem plans to invest 1.8 trillion won in unmanned and manned defense systems and aerospace, the news report said.Shares of Hyundai Rotem rose more than 1% in recent trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
