Korea Electric Power Likely to See Full Mideast War Impact From 2Q -- Market Talk
Dow Jones05-14
0644 GMT - Korea Electric Power is likely to see the full impact of the Middle East conflict from 2Q, LS Securities' Sung Jong-hwa says. The war that began in late February is lasting longer than expected, while the impact of fluctuating energy prices on earnings is typically reflected after a lag of four to five months, the analyst writes in a note. Higher prices for raw materials such as oil, coal and liquefied natural gas are expected to raise the state utility's fuel purchase costs and reduce its operating profit, he adds. LS lowers its forecast for company's 2026 operating profit by 30%. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
May 14, 2026 02:44 ET (06:44 GMT)
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