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STOCK MARKETKoreaLIG Nex1's Order Backlog to Keep Company Busy for Next Seven Years
STOCK MARKETKoreaKRX 079550 - LIG NEX1 CO.

LIG Nex1’s Order Backlog to Keep Company Busy for Next Seven Years

LIG Nex1 Target Price Raised to KRW340
South Korea is a far stronger candidate for defence-technology cooperation than such defence equipment suppliers as United States and European countries.
Less than 1 min.

Asia / Pacific

LIG Nex1’s Order Backlog to Keep Company Busy for Next Seven Years

LIG Nex1, a South Korean guided-missile maker, is expected to have a significant order backlog for the next seven years.
• Eugene Investment & Securities analyst S.Y. Yang predicts that the backlog could keep the company busy for the next seven years.
• LIG Nex1’s accumulated contract wins surpassed KRW20 trillion as of late 2024 due to high demand for precision-guided missiles.
• Eugene Investment raises its target price for the stock by 40% to KRW340,000 and maintains a buy rating.

 

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