KOREA ALPHA

Industrials

SK Eternix Investment Story showing a KRW 507.8 billion, 100MW renewable power agreement over 25 years, illustrated with a solar farm.

SK Eternix renewable energy business model infographic showing project development, distributed asset aggregation and corporate electricity supply.

SK Eternix financial infographic highlighting 194.1% year-over-year revenue growth and a 3.6% operating margin in H1 2026.

SK Eternix investment infographic connecting renewable power delivery, operating margins and cash flow as key indicators of future profitability.

Industrials

SK Eternix Signs Another 100MW PPA. When Will Revenue Begin?

October 15, 2026 · 7 min

Sphere Corp. $21.3 million U.S. aerospace specialty alloy order, illustrated with precision metal billets and industrial manufacturing equipment.

Three-stage aerospace materials supply chain diagram showing raw material sourcing, specialized alloy processing and delivery to aerospace customers.

Sphere Corp. financial infographic showing approximately 200% year-over-year revenue growth and a 1.9% operating margin in the first half of 2026.

Sphere aerospace investment infographic showing orders, operating margins and cash flow, with specialty alloy materials, precision machining and launch infrastructure.

Industrials

Sphere's $21.3M Aerospace Order: Can Margins Recover?

October 15, 2026 · 7 min read

LS ELECTRIC $138 million AI data center power equipment order in Pennsylvania, featuring industrial switchgear and transformers.

Diagram showing how Bloom Energy fuel cells connect through LS ELECTRIC power distribution equipment to supply electricity to AI data centers.

LS ELECTRIC infographic showing more than $500 million in cumulative Bloom Energy-linked power equipment orders for U.S. data centers.

Three-stage LS ELECTRIC investment diagram showing orders, revenue recognition and operating margins as key measures of earnings growth.

Industrials

LS ELECTRIC’s $138M Bloom Order: Can Repeat Business Scale?

October 14, 2026 · 8 min

Aerial view of a solar farm illustrating SK Eternix's KRW 320.3 billion solar asset transfer involving 252 solar-related assets.

Financial diagram showing SK Eternix's KRW 320.3 billion solar asset transfer and KRW 56 billion loan facility involving Solarnix 6.

Charts comparing SK Eternix's 194.1% revenue growth with negative KRW 90.0 billion operating cash flow in the first half of 2026.

Three-stage diagram illustrating SK Eternix's investment priorities: cash collection, operating margin improvement and debt reduction.

Industrials

SK Eternix's KRW 320bn Solar Deal: Capital Recycling or New Funding Risk?

October 13, 2026 · 8 min

COTS Technology submarine electronics contract worth KRW 14.77 billion for the Jangbogo-II modernization program, illustrated with a naval submarine at sea.

Ruggedized military embedded computer and circuit boards showing how computing, control and mission systems support modern defense platforms.

COTS Technology second-quarter 2026 earnings infographic showing revenue growth of 49.9% and operating profit growth of 72.7% year over year.

COTS Technology defense electronics investment outlook showing the progression from multi-year orders to operating margins and cash generation, with a submarine at sea.

Industrials

Can COTS Technology Turn Submarine Electronics Orders Into Sustainable Earnings?

October 13, 2026 · 9 min

SPG precision reducer technology illustrated in humanoid robot waist, hip and ankle joints for the KAIROS robotics platform.

Diagram showing a robot motor, precision reducer and integrated actuator, illustrating SPG's expanding motion-control capabilities.

SPG financial infographic showing an estimated 4% precision reducer revenue share in 2025 and a 4.5% operating margin in Q2 2026.

SPG robotics investment infographic showing the progression from commercial orders to component shipments and operating margins.

Industrials

SPG's Humanoid Push: Can Robot Actuators Deliver Earnings?

October 12, 2026 · 10 min read

Hyosung Heavy Industries 2GW HVDC controller verification infographic featuring industrial control equipment and HILS testing.

HVDC power grid infographic connecting renewable electricity generation, long-distance transmission and industrial demand in Korea.

Hyosung Heavy Industries earnings infographic showing 60.9% year-over-year operating profit growth in Q2 2026 alongside ultra-high-voltage transformers.

Hyosung HVDC commercialization roadmap showing controller verification, grid demonstration and potential commercial equipment orders.

Industrials

Hyosung Heavy Industries' 2GW HVDC Test: When Will Orders Follow?

October 8, 2026 · 10 min

LG Electronics Q3 2026 earnings infographic showing a 10.54% share price decline and KRW 781.8 billion operating profit below consensus

LG Electronics earnings comparison showing KRW 781.8 billion consolidated operating profit and KRW 701.2 billion estimated profit excluding LG Innotek

LG Electronics AI data center cooling infographic showing 5GW of North American project capacity, industrial chillers and KRW 150 billion manufacturing investment

LG Electronics AI cooling earnings infographic showing the path from orders and deliveries to revenue, operating margins and return on invested capital

Industrials

Did LG Electronics’ Q3 Earnings Miss Obscure Its AI Cooling Progress?

October 8, 2026 · 10 min

Hankuk Carbon considers K Shipbuilding acquisition with Taekwang Industrial after submitting an acquisition LOI

Hankuk Carbon LNG insulation operating margin rises to 20.1% in H1 2026 ahead of proposed K Shipbuilding acquisition

Hankuk Carbon capital allocation comparison between high-margin LNG insulation materials and capital-intensive shipbuilding

Hankuk Carbon K Shipbuilding acquisition proof path from purchase price and funding to RG exposure, cash conversion and ROIC

Industrials

Can Hankuk Carbon Add a Shipyard Without Diluting Returns?

October 7, 2026 · 10 min

Sanil Electric U.S. BESS pad-mount transformer order worth KRW 35.1 billion

Data centers, BESS and renewable energy driving broader transformer demand in U.S. power infrastructure

Sanil Electric new orders of KRW 243.5 billion versus revenue of KRW 164.2 billion and backlog of KRW 556.7 billion

Sanil Electric investment path from backlog conversion to capacity ramp-up and margin defense

Industrials

Can U.S. Grid Demand Extend Sanil Electric’s Growth Cycle?

October 6, 2026 · 10 min read