Ta. President Kim pointed out that the Moon Jae-in administration's nuclear phase-out policy had an impact on KEPCO's management, saying, ``There are elections in the political sphere, so I don't know how things will turn out considering the will of the people, but I is the government
I would like to continue to raise my voice in the political sphere that electricity rates should be normalized.'' On this day, President Kim announced that the National Assembly's Committee on Industry, Trade, Resources, and Small and Medium-sized Venture Companies will conduct a national audit of the company and other companies.
``I think it's objective to say that the Moon Jae-in administration's withdrawal from nuclear power has had a certain degree of influence on KEPCO's financial crisis, although there are varying degrees of degree.''
President Kim said, ``If electricity rates had been raised slightly in 2020 and 2021 during the Moon administration, (the company's financial situation) would not be like this now.
``Nevertheless, I think the Yoon administration should normalize electricity rates.'' He also said, ``In order to solve the astronomical debt and deficit, it is necessary to normalize electricity prices.''
``Considering the public's perspective and the burden on the government that runs national affairs, I think KEPCO should do its best to help itself.'' On top of that, ``95% of energy must be imported.''
This system of supplying electricity at a lower price than the cost price should never exist in a country where electricity is sold at a lower price than the cost price. "KEPCO must not become a company that relies only on electricity charges."
Meanwhile, investors are focused on whether President Kim's efforts to raise electricity rates will bear fruit and whether the company's stock price will rise.
The company is expected to make an operating profit of 2.7 trillion won (approximately 298 billion yen) in the third to fourth quarters of this year, making it profitable for the first time in nine quarters. Operating loss (1.6 trillion won)
), which is a whopping 70.9% higher than the market consensus. However, despite this, the stock price was 16,910 won (approximately 1,866 yen) based on the closing price on the 19th.
was recorded. The stock price has fallen by 6.21% in the past month. The outlook for securities companies is also not bright. Hana Securities has set the company's target price from 20,000 won to 19,000 won.
5% reduction. The investment opinion remained "neutral." Yoo YOO SUN, a researcher at Hana Securities, said, ``Despite the summer peak season, electricity demand mainly for industrial use is expected to decrease.
"As a result, we expect external growth to be at a slightly lower level than the rate of increase in electricity prices," and "Operating profit is expected to reach the 1 trillion won level, marking the first time in a long time that we will be in the black, but it is expected to be lower than market expectations."
I made it clear. Additionally, fluctuating raw material prices were cited as a variable for expectations for improved performance next year. In particular, the company's financial deterioration is expected to become even more serious. Researcher Yu said, ``Capital is on a continuous downward trend.
``Even if this year's bond issue limit issue passes without any problems, electricity rates will likely need to be raised next year as a means of capital reinforcement.''
He added, ``It would be good if we could visualize the improvement in business results due to lower costs without raising electricity rates, but we are still waiting for major events such as elections, and there is a period of uncertainty in improving regulations.''
We are now in a situation where we have to wait.'' He continued, ``The surest way to resolve the deterioration of the country's financial structure is to normalize electricity rates, so prompt policy support is needed.''
2023/10/20 05:56 KST
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