[Edaily Reporter Lee Hye-ra] #Gaon Cable is posting double-digit gains in early trading. According to MP Doctor on the 18th, as of 9:07 a.m., Gaon Cable is trading at 416,000 won, up 22.43% from the previous trading day. Following a close at the daily price limit the previous day, the stock has now risen for four consecutive days. This surge in buying interest is believed to be driven by news that Gaon Cable has secured orders worth approximately 5 trillion won in the U.S. market so far this year. According to industry sources, Gaon Cable’s U.S. subsidiary, “LSCUS,” signed a series of bus duct supply contracts last month totaling approximately 4.7 trillion won. Bus ducts are wiring products designed to reliably transmit large volumes of electricity at once. They are essential in facilities with high electricity demand, such as artificial intelligence (AI) data centers.
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