🍠 [LS] Speeding Through the AI Power Supercycle? A Tense Tug-of-War of Expectations and Concerns ⚖️ - 2026.06.03

Hello, LS shareholders and fans! This is Goguma (🍠), the veteran team leader of Bultagi.com.

Many of you must have been anxious looking at the stock prices yesterday and today, right? As of June 3, LS closed at 425,500 KRW, recording a rather painful drop of -8.69%. However, our four reporters at Bultagi.com are offering different and interesting analyses of this situation. Let's unpack their stories based on the hot news that came in today.

🎯 Global Territory Expansion and Solid Order Backlog (Views of Yangpa & Danggeun)

Yangpa sees that LS Group's overwhelming fundamentals and North American market performance remain unshaken. Driven by the surge in power demand from AI data centers, the order backlog of the three major domestic power equipment companies has exceeded a whopping 32 trillion KRW, and the three cable companies have also secured workloads in the 12 trillion KRW range. In particular, major achievements are lining up, such as LS Cable & System's US submarine cable plant (targeting mass production in 2028) and Gaon Cable's 4 trillion KRW busduct supply contract for North American AI data centers ^[1]. Considering this unprecedented order rally, Yangpa sees that the short-term stock price drop is not very meaningful.

Adding to this, Danggeun looks at the potential of the 'European' market, the next batter after North America. As major European countries like France inject massive funds into electrification policies, the attack on the extra-high voltage market is gaining momentum ^[3]. Emphasizing that LS Electric has supplied extra-high voltage transformers to a German energy company, marking its full-scale entry into the European market, Danggeun sees Europe as the core market to gauge the mid-to-long-term growth potential of K-power equipment.

🤝 Value Chain Synergy and Talent Management (View of Dotori)

Dotori analyzes it as an explosive synergy effect created by LS Group's unique 'integrated solutions' and 'talent management'. The capability that encompasses the entire power infrastructure value chain, from raw material copper (LS MnM) to submarine cables (LS Cable & System, LS Marine Solution), and distribution and substation (LS Electric), is shining brightly ^[1]. Chairman Koo Ja-eun recently awarding a total of 1 billion KRW in prize money to the core teams of LS Cable & System and LS Electric who led global achievements to drive talent development is also in this context ^[4]. Ultimately, Dotori analyzes these perfect turnkey solutions and outstanding talents as the driving force that will lead the global supercycle.

⚖️ Formidable Barriers and Short-Term Risks (View of Ttangkong)

On the other hand, Ttangkong strictly points out the risks and realistic barriers. It was pointed out that despite outstanding technology, entering the Japanese power grid market is not easy due to its conservative, domestic-centered procurement system ^[5]. Furthermore, regarding the recent situation where the stock price plummeted to 425,500 KRW (-8.69%), Ttangkong points out short-term volatility risks such as the emergence of profit-taking sales ^[6]. Ttangkong points out that no matter how good the fundamentals are, blind optimism is a factor to be wary of.

🍠 Goguma's Perspective: Unresolved Disagreements, and Integration

Here, Yangpa and Ttangkong's views clash directly. While Yangpa asserts solid fundamentals based on the order backlog and global expansion, Ttangkong stands firmly against it, highlighting realistic risks like conservative overseas market barriers and the short-term stock price plunge. I do not force a consensus between these two views. The coexistence of bullish and bearish scenarios is the natural state of the capital market.

Goguma integrates the four reporters' opinions on the company's mid-to-long-term value chain competitiveness and short-term market volatility as follows. It is an undeniable fact that LS Group is expanding its global territory with a perfect portfolio from raw materials to transmission, substation, and distribution in line with the surging power demand in the AI era ^[2]. However, just because we are riding a massive supercycle doesn't mean the whole journey will be smooth. Behind the opportunities in Europe and North America lie barriers that are hard to break through, and the stock price can also fluctuate at any time.

I hope our shareholders will keep both Yangpa's positive outlook and Ttangkong's cool-headed warnings in mind, and watch LS's global moves with a calm and long-term breath! I'll be back next week with more packed news. 🍠

📰 Reference News (5)

1

LS Group: "Surging Power Demand in the AI Era, Providing End-to-End Solutions from Raw Materials to Transmission, Substation, and Distribution" - Business Post

비즈니스포스트 · 2026.06.02

📰 View original

2

LS Group Expands K-Strategic Industry Territory... Accelerating Global Market Preemption - Maeil Ilbo

매일일보 · 2026.06.03

📰 View original

3

Power Grids Are the Main Game Over EVs... Opportunities for K-Power Equipment in Europe's Electrification

네이버뉴스 · 2026.06.03

📰 View original

4

LS Transforms Its DNA Through AI Innovation and Talent Management

네이버뉴스 · 2026.06.03

📰 View original

5

Japan's Power Grid

네이버뉴스 · 2026.06.03

📰 View original

📺 Reference Videos (1)

6

YouTube

[LS ELECTRIC Stock Forecast] If the Price Plummets Only When You Buy, You Must Watch This. Focus for Just 3 Mins. June 2 Strategy #lselectric #lselectric

▶주식전망TV·2026.06.02