Korea Aerospace_Stock price that goes sideways unlike rising foreign supply and

■ Korea Aerospace_Stock price that goes sideways unlike rising foreign supply and demand

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Unlike major defense stocks, Korea Aerospace shares are only moving sideways. Foreign supply and demand is also rising, but prices are not responding.

Shares of KAI were up +13% over 250 trading days, compared with gains of +249% for Hanwha Aerospace, +191% for LIG NexOne and +133% for Hyundai Rotem.

As of this Friday, foreigners in Korea Aerospace are 34.4%. Not only is the share of holdings high, but foreign net purchases are continuously coming in. In general, Korea's listed stocks are greatly affected by foreign supply and demand. However, Korea Aerospace is unable to respond even though net purchases continue, and stock prices are not responding.

Even in terms of fundamentals, there seems to be nothing particularly problematic about Korea Aerospace. Looking at the ROE-PBR chart, ROE estimates have been steadily improving this year. Of course, estimates are a number that keeps changing. Still, I think the PBR rating was relatively late at a time when order performance became visible like other defense stocks.

According to the Korea Investment Report, major pipeline performance such as Surion/FA-50/T-50 is expected. Investment in defense stocks is not an investment that checks the number every quarter, but it is difficult. Still, it seems that we can make enough bets at a time when the entire defense stocks in Korea are attracting attention. We would like to look at Korea Aerospace as an item of interest like other defense stocks.