Hyosung Heavy Industries' stock price surpassed 1 million won, entering the realm of "emperor stocks" (stocks priced over 1 million won per share).
Hyosung Heavy Industries shares traded at 1,008,000 won on the KOSPI market at 2:41 p.m. on the 14th. The stock price rose 3.07% (30,000 won) from the previous trading day. During trading, the stock price jumped to 1,014,000 won, setting a new all-time high.
Currently, in the domestic stock market, the emperor stocks comprise only four items, including Hyosung Heavy Industries, Samyang Foods, Taekwang Industrial, and Samsung Biologics.
Hyosung Heavy Industries' stock price has surged over 150% this year. The increase in power demand due to artificial intelligence (AI) and electric vehicles significantly contributed to the reevaluation of Hyosung Heavy Industries' business, including its high-voltage transformers.
Securities firms are raising their expectations for Hyosung Heavy Industries. According to financial data firm FnGuide, five securities firms that disclosed investment opinions this month set a target stock price for Hyosung Heavy Industries between 1.1 million and 1.22 million won.