[Korea hyerin nine financial newspaper reporter] Kiwoom saying it undervalued the stock price is excessive for the 28 days recommended the Korea Electric Power overweight. Our target price was maintained for ₩ 61,000.
Kiwoom gimsanggu researchers' fair value net of Korea Electric Power is determined to be around 5 trillion won, good fundamentals and the power industry reform is judged by excessive valuation range relative to the movement, said, "Due to the development mix improvements, fuel prices stable trend net profit in 2017 is likely to exceed the acceptable level, he said.
Kim researchers' In political terms the presidential election, the power supply master plan, energy tax, environmental feed, are mixed positive factors such as electricity purchase a sliding scale and negative factors, "said," as well as the power grid issue of environmental improvement and social cost allocation the power policy changes with a focus on reliability is expected, he said.
Renewable particularly expected to open markets and power system reform to establish a stable system operation by 2020 wind power is expected to increase to 2-4% of the total power generation is inevitable.
Kim researchers' intermittent wind output fluctuations that are directly connected with the stability problem of the power system, build a flexible demand controlled system that can respond to rapid output changes when based on the British market open cases is possible to build through the open market and sell competing Show because 'saying,' open markets and competitive expansion is expected to have a positive impact, such as policies to improve transparency, stability, performance, and determines the time needed to prepare for the mid- and long-term approach changes "he added.
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Tuesday, February 28, 2017
Korea Electric Power, excessive undervaluation ... Overweight recommendation - Kiwoom
