Mlenny
Elevator Pitch
I continue to award a Buy rating to Korea Electric Power Corporation (NYSE:KEP) [015760:KS] shares.
In my prior article for Korea Electric Power written on March 9, 2023, I discussed about the prospects of a turnaround for KEP.
My current update for KEP focuses on the company’s new corporate restructuring program and the read-throughs from its most recent quarterly financial results. Based on my analysis, Korea Electric Power’s new restructuring plan and the departure of its CEO will enhance the odds of the company receiving significant tariff increases from the regulators. Separately, KEP’s fuel costs and purchased power costs have increased at a slower rate in the most recent quarter.
I view these recent d…
Read the full article at: https://seekingalpha.com/article/4606681-korea-electric-power-all-eyes-on-positive-developments