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0401 GMT â 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 stockâs target by 5% to KRW19,000 and maintains a neutral rating.
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>>> Read more: Energy & Utilities Roundup: Market Talk
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>>> Read more: Energy & Utilities Roundup: Market Talk