[Featured Stock] Korea Electric Power Corporation Gains Over 3% on Strong Q4 Earnings Outlook

Korea Electric Power Corporation's stock price is showing strength amid strong performance forecasts for the fourth quarter of last year.

As of 1:31 PM on the 16th, Korea Electric Power Corporation is trading at 19,330 KRW, up 3.42% compared to the previous trading day.

NH Investment & Securities forecasted Korea Electric Power Corporation's operating profit for the fourth quarter of last year to be 1 trillion KRW, expecting a return to profitability. This figure exceeds the market estimate of 500 billion KRW.

Accordingly, the target stock price was raised from 25,000 KRW to 27,000 KRW.

Minjae Lee, a researcher at NH Investment & Securities, explained, "Due to stable fuel prices during the winter season, the possibility of performance improvement this year is increasing, and as plans for additional nuclear power plant introductions are expected to be concretized, the target price-to-book ratio (PBR) was raised to 0.4 times, which is the valuation level before the nuclear phase-out policy."

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