[Featured Stock] Hyosung Heavy Industries, Strong Rebound in 2 Weeks... Continued Sales Growth in Power Equipment

Hyosung Heavy Industries' stock price is strongly rebounding after about two weeks of adjustment. It is interpreted that low-price buying is flowing in due to a significant price correction, while sales growth of power equipment centered on ultra-high voltage transformers is expected to continue.

Hyosung Heavy Industries Tennessee Memphis Ultra-High Voltage Transformer Factory Exterior View.

As of 2:10 PM on the 9th, Hyosung Heavy Industries is trading at 268,000 KRW, up 7.65% from last week's closing price. After remaining flat at the start of the trading session, the stock showed a continuous upward trend from around 11 AM.

Hyosung Heavy Industries' stock price surged from the 70,000 KRW range last year to 469,000 KRW in May this year, driven by a sharp increase in demand for transformers and other power equipment centered on data centers in the North American region. However, concerns over a US recession and a slowdown in artificial intelligence (AI) investments led to a correction to around 230,000 KRW in early last month.

Afterwards, the stock price showed an upward trend for two weeks, surpassing 340,000 KRW in late August, then underwent another two-week correction, falling to 242,500 KRW last week. On this day, it is interpreted that excessive correction attracted low-price buying, pushing the stock price up.

In a recent report, Korea Investment & Securities stated, "Orders for power equipment continue to increase due to global power grid investment expansion and demand for replacement of aging facilities in the US," and forecasted, "Hyosung Heavy Industries' sales growth trend will continue with the expansion of advanced industry markets including AI and US infrastructure and power grid investments."