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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

[EQUITIES] ‘KEPCO KPS struggles in Q3’

  • PUBLISHED :October 22, 2018 - 11:33
  • UPDATED :October 22, 2018 - 11:33
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[THE INVESTOR] KEPCO KPS will post slow earnings in the third quarter, said Hana Financial Investment on Oct. 22 lowering the target price to 39,000 won (US$34.42) from 53,000 won.




Its revenue will decline 4.8 percent on-year to 266.4 billion won and operating profit by 38.4 percent to 19.8 billion won, missing market expectations, resulting in further stock price fluctuations, said analyst Yoo Jae-seon.

Although a new nuclear power plant is scheduled for next year and it may win a project in United Arab Emirates, these are likely to be reflected in the second half earnings. It will need more time to recover, said the analyst, adding that operating profit will inevitably decline next year and its return on equity will begin to improve from 2020 at the earliest. 

By Hwang You-mee (glamazon@heraldcorp.com)

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