Hanwha Stock Soars Amid Drone Bill Talks and Investor Conference

Military and aerospace stock Hanwha (2634) saw its share price jump significantly on August 20, opening higher and climbing to 75.1 NT dollars, an increase of over 9% in early trading. As of 9:35 AM, the stock was trading at 74 NT dollars, up 7.87% on a volume of over 34,000 shares. This surge was driven by anticipation surrounding legislative discussions on a drone ordinance bill and the company's scheduled investor conference later that day. Lawmakers were set to deliberate on 14 different versions of the drone ordinance bill, with market participants expecting positive news. Hanwha's investor conference was also expected to provide insights into the company's outlook for the latter half of the year. The company recently secured over 22 billion NT dollars in new orders from international civilian aviation and engine manufacturers at the Farnborough Airshow, with a supply period of approximately five to six years. Combined with 12.8 billion NT dollars in orders received in the first half of the year, Hanwha's total new orders for 2026 are projected to reach nearly 35 billion NT dollars. Financially, Hanwha reported a second-quarter net profit of 965 million NT dollars, a 271% increase quarter-over-quarter, with an earnings per share (EPS) of 1.02 NT dollars. For the first half of the year, the company's net profit exceeded 1.25 billion NT dollars, an increase of more than 87 times year-over-year, with an EPS of 1.3 NT dollars.

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Military and aerospace stock Hanwha (2634) saw its share price jump significantly on August 20, opening higher and climbing to 75.1 NT dollars, an increase of over 9% in early trading.