Flash | Ans. Global top-tier transformer makers such as Hyundai Electric, Hitachi and Siemens have orders on hand to secure their earnings in 2026-28E. New orders should remain robust in 2026E amid rising capex from US utility, tech and data center companies. We expect LS Electric to receive new orders from the US datacenters of Amazon Web Services (AWS) soon given its strong track record in getting new orders from US datacenter entities. PRC transformer makers have seen strong growth from overseas (ex-US). ...