Brokerages Turn Cold on Rights Issue Overhang, but Hanwha Securities Alone Says “Buy” — Because It’s an Affiliate?

Questions have been raised over the credibility of reports issued by Hanwha Investment & Securities’ research center. Unlike other brokerages, which took a negative view of Hanwha Solutions’ rights offering, it was the only one to maintain a “buy” rating. Although the firm says the report was prepar