0246 GMT - Korea Electric Power's shares appear undervalued given resilient earnings growth at the state utility, Nomura analyst Cindy Park writes in a note. The company's net profit is projected to grow 14% annually over 2025-2027, the analyst says. She expects the company's dividend payout ratio to reach 12% in 2025 and 26% in 2026, up from 3.8% in 2024. KEPCO and its subsidiary Korea Hydro & Nuclear Power are expected to play key roles in securing future overseas nuclear power projects, she adds. Nomura upgrades its rating on the stock to buy from neutral and raises its target price by 96% to 47,000 won. Shares are 2.2% higher at 37,750 won.(kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
July 14, 2025 22:46 ET (02:46 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.