Korea Electric Power Corporation set a new one-year (52-week) high early in the trading session on the 21st. This appears to be due to expectations of performance increases and expanded dividends this year.
As of 9:37 a.m. on that day, Korea Electric Power Corporation was trading at 25,100 won, up 800 won (3.29%) from the previous trading day. Korea Electric Power Corporation opened with an upward trend and traded at 25,200 won around 9:22 a.m., also setting a new 52-week high.
This year, Korea Electric Power Corporation's annual operating profit is predicted to increase by 70% compared to last year, reaching 14.1225 trillion won, according to estimates from the securities industry. An increase in dividends is also expected due to the performance improvement.
Choi Gyu-heon, a researcher at Shinhan Investment Corporation, noted, "As energy prices like oil and exchange rates stabilize downward, the foundation for profit improvement this year is becoming solid," and he added, "We will raise the target stock price from 30,000 won to 32,000 won."