[Alpha Biz=(Chicago) Reporter Kim Jisun] NH Investment & Securities said on the 26th that Poongsan's fourth-quarter earnings are expected to be strong, adding that stock prices still remain undervalued. The investment opinion was 'buy' and the target price was 55,000 won.

NH Investment & Securities expects Poongsan's fourth-quarter sales to rise to 932 billion won and operating profit to 58 billion won, respectively, from the previous quarter and the same period a year earlier.

"The defense sector will continue to increase due to the seasonal effects of domestic demand and delayed export contracts," said NH Investment & Securities Co. "Poongsan aims to increase its annual defense sales to 1.5 trillion won in 2027 as demand for ammunition continues to grow due to increased global security threats."

 

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