Article

Sangsangin Investment & Securities has upgraded Poongsan's stock rating to 'Buy' due to rising copper prices and a robust defense sector, maintaining a target price of 150,000 won. The company's Q4 operating profit is expected to increase 167% year-on-year to 90.5 billion won, although it falls short of the consensus estimate. Despite strong copper prices, profitability in the defense sector is predicted to decline, with revenues anticipated at 439.1 billion won due to delayed domestic deliveries.