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The Korea Herald
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THE INVESTOR
October 06, 2024

Stocks & Bonds

[EQUITIES] ‘KAI’s swap deal with Spain a win-win’

  • PUBLISHED :December 06, 2018 - 10:49
  • UPDATED :December 06, 2018 - 10:49
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[THE INVESTOR] Korea Aerospace Industries and Spanish government’s swap deal will be a win-win for both parties, said BNK Investment and Securities on Dec. 6 maintaining a “buy” recommendation and 47,000 won (US$42.10) target price. 




Spain is keen to exchange its military transport aircrafts with KAI’s trainer jets and the deal is likely to go through, said analyst Kim Ik-sang.

KAI is monopolizing the government-led defense business and its business has long-term growth potential. Its future role in domestic aviation industry as well as the outlook for exports and earnings improvement also justify purchasing its stocks. Its stock price will gradually rise as it wins more orders for civil structures, resumes weaponizing helicopters and its KF-X, LAH and MRO businesses get on track, he said.

By Hwang You-mee (glamazon@heraldcorp.com)

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