[Market Focus] Hyosung Heavy Industries Hits New High on Hopes for Global Power Grid Supercycle

Hyosung Heavy Industries is showing strong performance in early trading.

As of 9:25 a.m. on November 3, Hyosung Heavy Industries was trading at 2,323,000 won, up 8.81% (188,000 won) from the previous trading day. At one point during the session, the stock soared by more than 13%, reaching a new all-time high of 2,419,000 won.

Investor sentiment appears to have been boosted by analysis suggesting that the global power grid industry is entering a long-term investment cycle, and that Hyosung Heavy Industries is expected to see structural profit growth as it expands its high-value orders.

Previously, despite the base effect of large-scale projects in the second quarter, Hyosung Heavy Industries signed a contract worth approximately 200 million dollars (about 285.9 billion won) in the third quarter of this year with the largest transmission network operator in the United States. This marks the first reference for a Korean company to supply an ultra-high voltage electrical equipment package, and the company is seen as highly likely to win follow-up projects in the United States.

Son Hyunjung, a researcher at Yuanta Securities, stated, "In Europe, large-scale project orders are scheduled for the fourth quarter, and eco-friendly, high-efficiency product certifications and new specification developments are being carried out, centered on the Netherlands R&D Center." She added, "If the completion of the Changwon GIS plant, scheduled for 2026, and the expansion of the Memphis ultra-high voltage transformer plant become visible, the company's performance capabilities are expected to reach a higher level."

In the third quarter of this year, Hyosung Heavy Industries achieved its highest-ever quarterly results, with sales of 1.6241 trillion won (up 41.8% year-on-year) and operating profit of 219.8 billion won (up 97.3%).

This content was produced with the assistance of AI translation services.