Korea Electric Power Could Gain From Additional Tariff Increases -- Market Talk

Dow Jones11-14

0047 GMT - Korea Electric Power could gain from additional tariff increases in the coming years, Daiwa Capital analysts Mike Oh and Daeho Son say. They raise their net-profit forecast for the state utility by 38% for 2025 and 34% for 2026, after its 3Q earnings beat. They expect the Korean government to speed up tariff increases, including a 9.7% rise for industrial use of electricity in 4Q. The company could ease its cost burden, with oil prices stabilizing recently and a nuclear power plant to operate from early 2025, they add. Daiwa raises its target price for the stock by 8.7% to 25,000 won and keeps an outperform rating. Shares closed at KRW22,200 on Wednesday. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

November 13, 2024 19:47 ET (00:47 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483867865?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-14 08:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2483867865","market":"sh","top_or_hot":-1,"title":"Korea Electric Power Could Gain From Additional Tariff Increases -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0047 GMT - Korea Electric Power could gain from additional tariff increases in the coming years, Daiwa Capital analysts Mike Oh and Daeho Son say. They raise their net-profit forecast for the state utility by 38% for 2025 and 34% for 2026, after its 3Q earnings beat. They expect the Korean government to speed up tariff increases, including a 9.7% rise for industrial use of electricity in 4Q. The company could ease its cost burden, with oil prices stabilizing recently and a nuclear power plant to operate from early 2025, they add. Daiwa raises its target price for the stock by 8.7% to 25,000 won and keeps an outperform rating. Shares closed at KRW22,200 on Wednesday. (kwanwoo.jun@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 13, 2024 19:47 ET (00:47 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Korea Electric Power Could Gain From Additional Tariff Increases -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKorea Electric Power Could Gain From Additional Tariff Increases -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 08:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0047 GMT - Korea Electric Power could gain from additional tariff increases in the coming years, Daiwa Capital analysts Mike Oh and Daeho Son say. They raise their net-profit forecast for the state ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4081","symbol_name":"电力公用事业","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483867865","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483867865","pubTimestamp":1731545220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0047 GMT - Korea Electric Power could gain from additional tariff increases in the coming years, Daiwa Capital analysts Mike Oh and Daeho Son say. They raise their net-profit forecast for the state utility by 38% for 2025 and 34% for 2026, after its 3Q earnings beat. They expect the Korean government to speed up tariff increases, including a 9.7% rise for industrial use of electricity in 4Q. The company could ease its cost burden, with oil prices stabilizing recently and a nuclear power plant to operate from early 2025, they add. Daiwa raises its target price for the stock by 8.7% to 25,000 won and keeps an outperform rating. Shares closed at KRW22,200 on Wednesday. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4081":"电力公用事业","KEP":"韩国电力"},"translate_title":"韩国电力可能从额外电价上涨中受益——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KEP":1},"content_text":"0047 GMT - Korea Electric Power could gain from additional tariff increases in the coming years, Daiwa Capital analysts Mike Oh and Daeho Son say. They raise their net-profit forecast for the state utility by 38% for 2025 and 34% for 2026, after its 3Q earnings beat. They expect the Korean government to speed up tariff increases, including a 9.7% rise for industrial use of electricity in 4Q. The company could ease its cost burden, with oil prices stabilizing recently and a nuclear power plant to operate from early 2025, they add. Daiwa raises its target price for the stock by 8.7% to 25,000 won and keeps an outperform rating. Shares closed at KRW22,200 on Wednesday. (kwanwoo.jun@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 13, 2024 19:47 ET (00:47 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483867865"}