During the morning trading session on the 11th, Taihan Cable showed weakness by falling more than 5%, but the securities industry maintained a positive outlook, emphasizing the growth story centered on extra-high voltage and submarine cables. On this day, Yuanta Securities maintained its 'Buy' investment opinion and a target price of 60,000 won for Taihan Cable.

The stock's decline on this day reflects short-term uncertainties. Recent issues, including an investigation into the alleged leak of submarine cable technology and a block deal (off-hours bulk trading) by a major shareholder, have burdened investor sentiment.

However, the securities industry assessed that despite such short-term adjustments, the mid-to-long-term growth direction remains valid. This is because the demand for establishing extra-high voltage power grids is increasing significantly, primarily in North America and Europe, thereby improving Taihan Cable's order portfolio to center on high-value-added products. In particular, global power grid modernization, the expansion of renewable energy, and the increase in power consumption driven by the proliferation of artificial intelligence (AI) data centers are continuously driving the demand for extra-high voltage transmission networks and submarine cables for offshore wind farm integration.

The securities industry analyzed that Taihan Cable is evolving beyond a simple wire and cable manufacturer into a global power infrastructure supplier. The company is highly likely to sustain its earnings growth trend through capacity (CAPA) expansion and increasing overseas orders. Furthermore, there is a strong projection that if the global power grid investment cycle is prolonged, there is ample potential for a reassessment of its corporate value.

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