KEP - Korea Electric Power: Return To Profitability And Dividend Reinstatement Are Potential Catalysts

2024-03-14 09:30:14 ET

Summary

• Korea Electric Power is likely to generate positive earnings in the current year, with expectations that the company will optimize its power generation mix to reduce fuel-related costs.
• There is a high likelihood of Korea Electric Power resuming dividend distributions this year, considering its profitability outlook and the Korean regulators' focus on shareholder capital return.
• KEP's valuations are appealing, as it trades at a discount to book value that is greater than 50%.

Elevator Pitch

I have a Buy investment rating assigned to Korea Electric Power Corporation ( KEP ) [015760:KS]. In my previous October 9, 2023 write-up , I highlighted the positives associated with the appointment of a new CEO for KEP....

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