Korea Electric Power seen facing 2H earnings pressure
Hyundai Motor Securities’ Donghyun Shin says Korea Electric Power may face earnings pressure in 2H due to elevated fuel-purchase costs, with crude oil and LNG prices cited.
Korea Electric Power is expected to face earnings pressure from elevated fuel-purchase costs through 2H, Hyundai Motor Securities' Donghyun Shin said. The analyst expects the South Korean state utility operator's profit to decline sharply in 2H as higher crude oil and liquefied natural gas prices weigh on results.