External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Mirae Asset Securities Co.,Ltd. provides comprehensive wealth management services. The Company offers fixed income securities brokerage, securities dealing, equity underwriting, and other services. Mirae Asset Securities also deals with mergers and acquisitions, foreign currency, and financial derivatives.

External broker reports(aggregated public sources)

Mirae Asset Securities Co.,Ltd. provides comprehensive wealth management services. The Company offers fixed income securities brokerage, securities dealing, equity underwriting, and other services. Mirae Asset Securities also deals with mergers and acquisitions, foreign currency, and financial derivatives

Thematic (Sector/Industry)

South korea Industrials / Thematic (Sector/Industry)

<ul><li>The current rise in global defense spending extends beyond immediate wartime support.</li><li>Rather, it reflects medium/long-term investment to address shifts in US security posture and persistent external threats.</li><li>Capability gaps exposed during recent conflicts should translate into orders and ultimately earnings, strengthening defense industry fundamentals. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The current rise in global defense spending extends beyond immediate wartime support.Rather, it reflects medium/long-term investment to address shifts in US security posture and persistent external threats.Capability gaps exposed during recent conflicts should translate into orders and ultimately earnings, strengthening defense industry fundamentals. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Defense/Aerospace (Overweight/Initiate)Korean Contractors Poised to Fill the Supply Gap