4 stories mentioning KRX:079550Updated 3h ago
Every FINWIRES story that references KRX:079550, newest first.
MNC Solution (KRX:484870) has secured a supply contract worth 8.3 billion won with LIG Defense and Aerospace (KRX:079550), according to a Friday filing with the Korea Exchange.The contract, which will last until July 23, 2028, involves the development and supply of a towing winch for mine detection.Shares of LIG Defense and Aerospace rose more than 3% in recent trade.
South Korean shares plunged nearly 5% at market close on Thursday as losses incurred by technology stocks weighed on sentiment. Investors were particularly skeptical about the AI industry.Shares of key market movers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) declined over 6% and 10%, respectively, taking a toll on the primary index.The Korea Composite Stock Price Index, or Kospi, decreased by 301.88 points, or 4.6%, to close at 6,296.38. The Kosdaq rose by 2.08 points, or 0.3%, to close at 801.67.In economic news, South Korea's current account surplus stood at $49.73 billion in June, up from $38.6 billion in May, according to preliminary data from the Bank of Korea on Thursday.The figure surpassed Trading Economics' forecast of $34.7 billion and marked the largest surplus on record.Goods account surplus jumped to $47.9 billion from $37.9 billion as exports surged 84.5% to $112.4 billion, while the services account logged a larger deficit of $1.29 billion as compared to $1.09 billion in May.In corporate news, LIG Defense & Aerospace (KRX:079550) posted a second-quarter net income attributable to shareholders of the parent of 82.6 billion won, down 23% from 107.1 billion won a year earlier.Sales, on the other hand, increased 17% to 1.11 trillion won from 945.4 billion won, according to a Thursday filing with the Korea Exchange.Shares of the company declined 12% at market close.
LIG Nex1 (KRX:079550) posted a 23% year-over-year decline in net income attributable to shareholders of the parent to 82.6 billion won for the second quarter ended June 30 from 107.1 billion won.Sales, however, jumped 17% to 1.11 trillion won from 945.4 billion won, according to a Thursday filing with the Korea Exchange.
LIG Defense & Aerospace (KRX:079550) has an average rating of buy and mean price target of 967,058.80 won, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
