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Hyosung Central Industries is expected to record a sales revenue of 1 trillion 9100 billion won in the third quarter of this year, an increase of 18 % compared with the same period last year, and a profit of 38 % rising to 3032 billion won. These two figures are nevertheless lower than the market‑average forecast of 3280 billion won for the company’s shares, which is seen as a factor that amplifies concerns about Hyosung Central Industries’ actual performance.
Researcher Huh Min‑ho explains that “the main cause of the underperformance is the delay in projects in the Middle East and some North‑American projects caused by the US–Iran war; this has led to a slowdown in power supply.” He also notes that most overseas sales are hedged, so the impact of the dollar depreciation is limited. “Some effect on foreign production and sales firms can be converted into an average exchange rate and is relatively small,” he added.
Hyosung Central Industries’ Q3 performance being projected below expectations, the researcher noted positively that the same company is expanding its product portfolio with 765 kV and 345 kV transformers. He said “the hyper‑scale is confirmed to bear the cost of investing in sub‑stations for utility purposes as it is linked to AI data centre,” and forecasted that GCB supply will be fully realised through a joint venture in the US and a connection with Q4 services.
Finally, researcher Huh concludes that “the introduction of a big‑scale power line in the US next month is expected to create a momentum; this would lead to a reduction in economic obstacles related to network construction.” He ended by saying that “the uncertainty about expanding supply after 2030 will be reduced.”