[Alpha Biz= Reporter Kim Sangjin] Shinhan Investment Securities maintained its investment rating of "Buy" for Korea Aerospace Industries on the 5th, with a target price of 72,000 KRW.
They stated, "While there may be short-term setbacks, the outlook for medium to long-term growth is clear." Shinhan Investment Securities also mentioned that they confirmed the company's long-term growth strategy and stable production across all business units through a factory tour. They further added, "The timing of overseas contracts may be subject to variables, but contract negotiations are progressing as usual."
On the 3rd, Korea Aerospace Industries conducted an analyst factory tour under the supervision of the CEO. They presented information on six key growth industries: 6th generation fighters, transport aircraft, next-generation combat helicopters, dual-use military and civilian amphibious vehicles (AAVs), satellite development services and space exploration solutions, and future advanced software. The company aims to achieve sales of 40 trillion KRW by 2050 and become the world's 7th largest aircraft manufacturer.
Regarding the KF-21, they anticipate signing a production contract in June, with the possibility of reducing some development costs. All six prototype aircraft are currently operational, and even if Indonesia reduces its development cost sharing, Korea Aerospace Industries can still recoup some expenses after partial project spending. The potential for exports is considered high.
AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)
