LIG Nex1's Order Backlog Likely to Keep Company Busy for Next Seven Years -- Market Talk

Dow Jones

02-17

0217 GMT - The backlog of orders at LIG Nex1 can keep the South Korean guided-missile maker busy for the next seven years, Eugene Investment & Securities analyst S.Y. Yang writes in a note. LIG Nex1's accumulated contract wins topped KRW20 trillion as of late 2024, drive by brisk demand for precision-guided missiles and other products, Yang says. In 1Q 2025, the company is set to add a sealed KRW3.7 trillion supply deal with Iraq for medium-range surface-to-air missiles, he notes. Eugene Investment raises its target price for the stock by 40% to KRW340,000 and maintains a buy rating. Shares are 0.2% higher at KRW284,500. (kwanwoo.jun@wsj.com)

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February 16, 2025 21:17 ET (02:17 GMT)

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Yang writes in a note. LIG Nex1's accumulated contract wins topped KRW20 trillion as of late 2024, drive by brisk demand for precision-guided missiles and other products, Yang says. In 1Q 2025, the company is set to add a sealed KRW3.7 trillion supply deal with Iraq for medium-range surface-to-air missiles, he notes. Eugene Investment raises its target price for the stock by 40% to KRW340,000 and maintains a buy rating. Shares are 0.2% higher at KRW284,500. 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Yang writes in a note. LIG Nex1's accumulated contract wins topped KRW20 trillion as of late 2024, drive by brisk demand for precision-guided missiles and other products, Yang says. In 1Q 2025, the company is set to add a sealed KRW3.7 trillion supply deal with Iraq for medium-range surface-to-air missiles, he notes. Eugene Investment raises its target price for the stock by 40% to KRW340,000 and maintains a buy rating. Shares are 0.2% higher at KRW284,500. 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LIG Nex1's accumulated contract wins topped KRW20 trillion as of late 2024, drive by brisk demand for precision-guided missiles and other products, Yang says. In 1Q 2025, the company is set to add a sealed KRW3.7 trillion supply deal with Iraq for medium-range surface-to-air missiles, he notes. Eugene Investment raises its target price for the stock by 40% to KRW340,000 and maintains a buy rating. Shares are 0.2% higher at KRW284,500. (kwanwoo.jun@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 16, 2025 21:17 ET (02:17 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}