HD Hyundai Electric rose more than 4% in after-hours trading on the 2nd, with its share price surpassing 440,000 won. As demand for power equipment related to artificial intelligence (AI) data centers draws attention, the company's plan for a new 198 billion won facility investment and its quarterly dividend decision announced last month are once again attracting market interest. As the plan to expand production capacity in response to the growing global distribution equipment market takes shape, attention is also turning to the stock price trends of the power equipment sector as a whole.

■ Up 4.59% in After-Hours Trading... Traded at 444,000 Won

As of 4:11 p.m. on the 2nd, HD Hyundai Electric was trading at 444,000 won in the after-market, up 19,500 won from the previous day, a gain of 4.59%. The share price has risen above the 440,000 won level. However, since this is a price from during after-hours trading, it may differ from the final closing price.

■ 198 Billion Won Facility Investment... From November 2026 to June 2029

HD Hyundai Electric announced a new facility investment plan on October 27. The investment amount of 198 billion won equals 9.74% of the company's equity capital of 2.0329 trillion won based on the consolidated financial statements at the end of 2025. The investment covers production infrastructure including factories for switchgear and distribution transformers, as well as automation equipment. The investment period is set from November 1, 2026 to June 30, 2029.

The company stated that the purpose of the investment is to proactively respond to growing global demand for distribution equipment and to build a foundation for expanding its integrated distribution engineering business. In particular, it specified that the investment is intended to respond to large project orders and the trend of package orders for distribution equipment driven by expanding AI data center demand. The facility investment also includes the acquisition of related tangible assets such as structures and machinery. However, the investment amount and scheduled completion date may change depending on future business conditions and the progress of the investment.

■ Shareholder Returns Included... 1,300 Won Per Share Quarterly Dividend

On the same day, HD Hyundai Electric also announced a quarterly dividend decision. The cash dividend per common share is 1,300 won, with the total dividend amount set at 46.79 billion won. The dividend yield based on market price is 0.3%. The record date is November 11, and the payment date is scheduled for November 26. The total dividend was calculated based on 35,992,704 shares, excluding 54,431 treasury shares from the total 36,047,135 shares issued.

It is also notable that the facility investment and dividend decisions were made on the same day. The company decided to invest 198 billion won in expanding production infrastructure while also carrying out a quarterly cash dividend for shareholders.

■ Too Early to Judge a Power Stock Rebound... Points to Watch

In the power equipment sector, power demand and related facility investment driven by the expansion of AI data centers have become major areas of interest. In its disclosure, HD Hyundai Electric also specifically cited expanding AI data center demand and large project orders as the background for expanding its production facilities.

However, it is difficult to conclude that the entire power equipment sector has entered a rebound phase based solely on HD Hyundai Electric's share price rise on the 2nd. To confirm the sector-wide trend, it is necessary to also examine the stock price movements and trading volumes of other major power equipment stocks, as well as whether the upward momentum continues.

For HD Hyundai Electric, following its entry into the 440,000 won range, future points to watch include the share price trend, the progress of the new facility investment, and whether global distribution equipment orders expand. In particular, since this investment is a mid- to long-term plan extending to June 2029, short-term stock price movements should be distinguished from the actual results of expanded production capacity.

[After-hours prices may differ from final closing prices, and the facility investment plan and dividend decision do not guarantee future stock price gains. Losses and responsibility arising from investment rest with the investor. This article was written with partial assistance from AI.]