Defense - Korea: Growing optimism in the air

Research evidence excerpt

Defense - Korea: Growing optimism in the air

APR - Industrials Coverage Cluster

Investment rating Company BofA Ticker Bloomberg symbol Analyst

BUY

Aboitiz Equity Ventures, Inc. ABOIF AEV PM Julian Roxas

AirTAC ATCXF 1590 TT Ming Hsun Lee, CFA

Anhui Heli AHUHF 600761 CH Summer Wang, CFA

Ayala Corporation AYYLF AC PM Russ Toribio

Centre Testing International XCTEF 300012 CH Yikai Liu, CFA

Daifuku DAIUF 6383 JP Kenjin Hotta

Daikin Industries DKILF 6367 JP Kenjin Hotta

Daikin Industries DKILY DKILY US Kenjin Hotta

Envicool XPTIF 002837 CH Yibing Xia

GeekPlus BGTCF 2590 HK Summer Wang, CFA

Goldwind XJNGF 2208 HK Gary Tsang

GTCAP GTHOF GTCAP PM Russ Toribio

Guangdong Songfa XDZGF 603268 CH Amy Han

Hainan Jinpan XKZNF 688676 CH Matty Zhao

Hangcha Group XXCLF 603298 CH Summer Wang, CFA

Hangzhou Great Star XNZLF 002444 CH Fiona Liang

Hankuk Carbon HKUCF 017960 KS KJ Hwang

Han's Laser XHQTF 002008 CH Summer Wang, CFA

Hanwha Aerospace SSASF 012450 KS KJ Hwang

HD Hyundai Electric XPELF 267260 KS Sun Jung Lee

HD Hyundai Heavy Industries XHZXF 329180 KS KJ Hwang

Himile XMSVF 002595 CH Fiona Liang

Hiwin Technologies HITEF 2049 TT Ming Hsun Lee, CFA

Huaming Equipment XKTIF 002270 CH Matty Zhao

IHI IHICF 7013 JP Kenjin Hotta

Inovance Technology XMYRF 300124 CH Ming Hsun Lee, CFA

Jiangsu Hengli Hydraulic Co., Ltd XHDCF 601100 CH Ming Hsun Lee, CFA

Kawasaki Heavy Industries KWHIF 7012 JP Kenjin Hotta

Keyence KYCCF 6861 JP Kenjin Hotta

Korea Aerospace XAQHF 047810 KS KJ Hwang

LIG Defense & Aerospace XLQUF 079550 KS KJ Hwang

LS Electric LGXSF 010120 KS Sun Jung Lee

Makita MKEWF 6586 JP Kenjin Hotta

Mingyang Smart Energy XLARF 601615 CH Charlotte Xia

Mitsubishi Heavy Industries MHVYF 7011 JP Kenjin Hotta

Mitsui E&S MIESF 7003 JP Yuri Nishizaki

MNC Solution XZXRF 484870 KS Dongho Shin