Hyundai Electric and Energy Systems Co. will supply transformers to Saudi Electricity Co. in a 23 billion won deal, and provide gas-insulated switchgear to Saudi Aramco for 12 billion won.
The two orders worth 35 billion won raised Hyundai Electric's deals in Saudi Arabia to over 60 billion won in the first four months of the year, up more than three times from the same period last year.
It remains to be seen how the two deals would influence the company's valuation in the stock market.
Share prices for Hyundai Electric & Energy Systems Co., Ltd., Hyundai Electric, a unit of shipbuilding giant Hyundai Heavy Industries Co., went down 40 percent in the last 90 days and has slid 73 percent in a year.
The company hasn't been paying dividends, but its total shareholder return of -69 percent exceeds its share price return of -73 percent, implying it has either raised capital at a discount or spun-off a business, providing value to shareholders.


TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure
TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales
Lululemon Founder Chip Wilson Escalates Proxy Fight to Remove Advent From Board
California Attorney General Orders xAI to Halt Illegal Grok Deepfake Imagery
Valentino Garavani Dies at 93, Leaving Behind the Timeless Legacy of Valentino Red
Pop Mart Shares Surge in Hong Kong After First Buyback in Nearly Two Years
BHP Posts Record Iron Ore Output as China Pricing Pressures Loom
Syrah Resources and Tesla Extend Deadline on Graphite Supply Dispute to March
Federal Judge Clears Way for Jury Trial in Elon Musk’s Fraud Lawsuit Against OpenAI and Microsoft
Proposed Rio Tinto–Glencore Merger Faces China Regulatory Hurdles and Asset Sale Pressure
Micron to Buy Powerchip Fab for $1.8 Billion, Shares Surge Nearly 10%
Renault Group Global Sales Rise 3.2% in 2025 on Strong International and EV Demand
China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO
Baidu Shares Rise in Hong Kong After Apollo Go Robotaxi Launch in Abu Dhabi 



