When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
KEP - KEPCO: Energy Conversion Cost Burden Significantly Easing
Korea Electric Power Corporation
Investment highlights
Despite anemic demand, 1Q20 results should be slightly better than expected. Although power demand is weak, the impact on the unit price of power sales is limited thanks to an improving demand mix. In addition, the lower-than-anticipated power demand and LNG’s growing share of the generation mix can help mitigate the cost burden of carbon emission permits. Plummeting oil prices, an improving generation mix, and frail power demand help to reduce the cost burden associated with energy conversion. We raise our target price to KRW30,000 applying 0.3x P/B, the average multiple in 2018-2019,