KRX:272210

Nomura Upgrades Hanwha Systems to Neutral From Reduce, Adjusts Price Target to KRW61,000 From KRW65,000

Hanwha Systems (KRX:272210) has an average rating of overweight and mean price target of 116,181.82 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)

Hanwha Systems' Q2 Profit Climbs 66% as Sales Increase 45%; Shares Down 3%

Hanwha Systems (KRX:272210) posted a 66% year-over-year increase in net income attributable to shareholders of the parent to 67.08 billion won for the second quarter ended June 30 from 40.52 billion won.Sales jumped 45% to 1.118 trillion won from 768.19 billion won, according to a Tuesday filing with the Korea Exchange.Shares of the defense and information and communications technology solutions provider were down nearly 3% in afternoon trading.

Hanwha Plans 55 Trillion Won AI, Space Investments; Shares Rise 3%

Hanwha Corp. (KRX:000880) on Friday said it plans to invest 55 trillion won in integrated space infrastructure and artificial intelligence sectors by 2040.The company will build infrastructure that will comprise launch vehicles, ultra-low-orbit synthetic aperture radar (SAR) satellites, space-based AI data centers, and a low-Earth orbit (LEO) satellite communications network.Hanwha Aerospace (KRX:012450) will invest about 23 trillion won in launch vehicles, while Hanwha Systems (KRX:272210) will spend 20 trillion won on satellites and communications infrastructure.Shares of Hanwha Corp. rose more than 3% in Monday's trade, while those of Hanwha Aerospace fell nearly 4%. Shares of Hanwha Systems added nearly 4%.

Hanwha Corp. to Sell KRW287.9 Billion Real Estate to Affiliate

Hanwha Corp. (KRX:000880) will sell real estate to its affiliate, Hanwha Systems (KRX:272210), for 287.9 billion won, according to a Wednesday Korean bourse filing.The disposal involves land and buildings at the Hanwha Future Technology Research Institute.The company is proposing the disposal to improve asset efficiency through the selling off of non-operating assets.

Hanwha Systems Confirms KRW22.1 Billion Worth of Transactions with Hanwha Corp.

Hanwha Systems (KRX:272210) secured transactions worth 22.1 billion won with Hanwha Corp. (KRX:000880) during the third quarter of the year, according to a Wednesday filing with the Korean Exchange.The transactions included sales of 16.3 billion won and purchases of 5.82 billion won.

Nomura Adjusts Hanwha Systems' Price Target to KRW65,000 from KRW48,000, Keeps at Reduce

Hanwha Systems Swings to Loss in Q1

South Korean shipbuilder Hanwha Systems (KRX:272210) posted first-quarter net loss attributable to shareholders of 55 billion won, swinging from an attributable net income of 27.9 billion won a year earlier, according to a Monday filing with the Korea Exchange.Sales were up 17% year over year to 807.1 billion won from 690.1 billion won.Shares of Hanwha Systems fell over 3% at market close.