KEP stock: Daishin cuts target from KRW 54,000 to KRW 40,000 for KEP stock stock
Published on 10/23/2026 at 06:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget cut and earnings pressure
- Daishin Securities cut its KEPCO target to KRW 40,000 from KRW 54,000 on October 20, 2026.
- The third-quarter forecast calls for KRW 26.957 trillion in revenue and KRW 3.094 trillion in operating profit.
- Korea Electric Power stock last stood at EUR 9.40 on September 25, 2026, on the Frankfurt Stock Exchange.
- The next reported earnings date is November 12, 2026.
Korea Electric Power Corporation (US5006311063) is facing a sharper earnings test after Daishin Securities cut its target to KRW 40,000 from KRW 54,000 on October 20, 2026, according to Seoul Economic Daily. The brokerage kept a Buy rating, but its forecast points to higher fuel costs and weaker profitability.
Target cut reflects fuel costs
Daishin expects third-quarter revenue of KRW 26.957 trillion, down 2.20 percent from a year earlier, while operating profit is forecast to fall 45.30 percent to KRW 3.094 trillion. The estimate still exceeds market consensus of KRW 2.36 trillion, creating a mixed earnings picture rather than a simple profit warning.
The brokerage also projects third-quarter fuel costs of KRW 7.29 trillion, up 32.50 percent year over year. It expects the average electricity selling price to fall 1.40 percent, while nuclear utilization is seen recovering to 80.10 percent.
What does the target cut signal?
The central issue is the timing of cost relief. Daishin linked the target reduction to oil prices above USD 100.00, lower industrial electricity rates and the decision not to participate in an AP1000 nuclear construction project in the United States. The same report said a recovery in earnings would depend on oil-price stabilization and could begin from the third quarter of 2027.
Three dated developments
On September 15, 2026, MarketBeat reported quarterly earnings per share of USD 0.14 against a USD 1.03 consensus and revenue of USD 14.60 billion versus USD 19.67 billion expected. On October 12, 2026, the same report cited a 52-week low of USD 10.75. On October 20, 2026, Daishin cut its target from KRW 54,000 to KRW 40,000.
Next reporting date
The next scheduled event is the third-quarter earnings announcement on November 12, 2026, listed by Yahoo Finance. That report will test whether lower electricity prices and fuel inflation outweigh the expected recovery in nuclear utilization.
Frankfurt price remains dated
The last available euro price was EUR 9.40 on the Frankfurt Stock Exchange on September 25, 2026. Korea Electric Power is listed on the NYSE under ticker KEP, while its business spans electricity generation, transmission and distribution in South Korea.
The further course of trading is shown by the continuously updated real-time quote of KEP stock.
Korea Electric Power Corporation stock facts
- Company: Korea Electric Power Corporation
- ISIN: US5006311063
- Ticker: KEP
- Primary exchange: NYSE
- Last euro price on Frankfurt Stock Exchange (as of September 25, 2026): EUR 9.40
- 52-week range on Frankfurt Stock Exchange (as of September 25, 2026): EUR 9.15-EUR 26.20
- Sector / Industry: Utilities / Regulated Electric
- Next earnings date: November 12, 2026
Market context: Market report S&P 500.
