[Featured Stock] LS ELECTRIC Rises on Continued Growth Expectations for Ultra-High Voltage Transformers
LS ELECTRIC is showing strong performance. The expectation that ultra-high voltage transformer growth will continue this year seems to be influencing this trend.
![[Featured Stock] LS ELECTRIC Rises on Continued Growth Expectations for Ultra-High Voltage Transformers](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
As of 9:12 AM on the 16th, LS ELECTRIC is trading at 194,700 KRW, up 4.01% from the previous close.
An Joo-won, a researcher at DS Investment & Securities, stated, "Currently, the power infrastructure has a higher proportion of distribution boards compared to ultra-high voltage transformers, causing quarterly profit volatility. However, starting this year, rapid growth in ultra-high voltage transformers is expected to secure profit stability. Despite the poor performance in the third quarter, recovery in the fourth quarter is raising expectations, and growth based on an order backlog exceeding 1 trillion KRW for ultra-high voltage transformers is becoming clear."
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He added, "From the second half of this year, the expansion of production capacity (CAPA) will be completed, enabling smooth response to the increasing transformer demand, which enhances investment attractiveness."
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