Construction stocks continue to be strong on the back of expectations for a rebound in the industry
Summary
Construction stocks are experiencing significant growth, driven by expectations of industry recovery and increased orders for nuclear power plants, with major players like Hyundai and Daewoo leading the surge.
Why It Matters
The article highlights a potential rebound in the construction industry, which is crucial for economic recovery. The performance of construction stocks reflects broader market trends and investor confidence, particularly in sectors like nuclear energy that are gaining traction.
Key Takeaways
- Hyundai Engineering & Construction shares have surged 93.15% this year.
- Expectations for a turnaround in the construction industry are driving stock prices.
- Nuclear power plant orders are boosting investor confidence in construction stocks.
detail * It has been translated using AI 사진 확대 Construction stocks continue to be strong on the back of expectations for a rebound in the industry and momentum for nuclear power plant orders. According to the Korea Exchange on the 23rd, Hyundai Engineering & Construction shares closed at 135,400 won, up 5.53 percent on the same day. This is a 93.15% jump this year. Daewoo E&C's stock price also nearly doubled this year, rising 96.34%. During the same period, overall construction stocks such as DL E&C (24.18%), GS E&C (17.01%), and IS Dongseo (33.62%) showed strong performance. As construction stocks continue to strengthen, the warmth seems to be spreading to small and medium-sized construction stocks. Dongbu Construction's stock price soared 7.79% to 9410 won on the 23rd. In the past month, the stock price has risen to 74.91%. Gyeryong Construction (45.3%) and Hanshin Corporation (48.33%) also recorded steep gains during the same period. The strength of construction stocks is attributed to expectations that the construction industry will enter a turnaround from this year. In particular, it is evaluated that construction companies have partially resolved cost risks by preemptively reflecting unsold-related losses in last year's performance. Daewoo Engineering & Construction recently recorded an operating loss of 1 trillion won in the fourth quarter of last year as it conducted a big bath that shook off the costs of unsold local areas and rising costs at once. The improvemen...
