AGL News: Energy & Utilities Roundup: Market Talk - 18th Oct 2023, 10:14pm

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0401 GMT – Korea Electric Power could swing to profit in 3Q but still post an earnings miss, Hana Securities analyst Yoo Jae-seon says in a research note. The South Korean state utility stands to gain from lower costs for purchasing fuel and electricity from independent power companies, but softer-than-expected industrial demand for power likely weighed on its earnings, Yoo notes. Hana trims the stock’s target by 5% to KRW19,000 and maintains a neutral rating.

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