Korea Electric Power Shares Rally on Optimism Over Government Support [MarketWatch]
Korea Electric Power Corporation (KEP)
US:NYSE Investor Relations:
home.kepco.co.kr/kepco/en/ntcob/list.do?boardcd=brd_000242&menucd=en03040201
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Source: MarketWatch
The South Korean state utility's stock rose 10% to close at 23,200 won ($17.41), its sharpest daily gain in more than three years, outperforming the benchmark Kospi's 1.2% rise for the day, according to FactSet. Advertisement The rally came as the government prepares to announce a new initiative to boost shareholder returns and improve valuations of local companies. The Financial Services Commission is due to detail a so-called corporate "value-up" plan later this month to address what it calls the "Korea discount" and make local equities market more attractive. Korea Electric Power and other state utilities were among undervalued local stocks that attracted attention from investors in the wake of the government's initiative, Eugene Investment & Securities analyst Sunghyun Hwang said in a note Monday. Advertisement The Eugene analyst said he expects Korea Electric Power to turn profitable in 2024 after three consecutive years of losses, following a series of electricity t
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KEP
News
- RWE wins exclusive South Korea offshore wind development rights [Seeking Alpha]Seeking Alpha
- UAE Considers Investment in European Nuclear Power Projects [Yahoo! Finance]Yahoo! Finance
- UAE signals interest in European nuclear energy investments, sources say [Reuters]Reuters
- Asia's ammonia co-firing power plant trials [Reuters]Reuters
- Korea Electric Power: Return To Profitability And Dividend Reinstatement Are Potential Catalysts [Seeking Alpha]Seeking Alpha
KEP
Analyst Actions
- 2/26/24 - Citigroup Inc.
KEP
Sec Filings
- 3/26/24 - Form 6-K
- 3/12/24 - Form 6-K/A
- 3/11/24 - Form 6-K
- KEP's page on the SEC website