[Featured Stock] KEPCO Engineering & Construction Rises Over 3% on Potential Shift in Nuclear Power Policy

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] KEPCO Engineering & Construction is showing a strong performance with over a 3% increase in the early trading session. This is analyzed to be due to growing expectations that nuclear power plant-related policies will shift ahead of next year's presidential election, marking a turning point.

At 9:30 a.m. on the 1st, KEPCO Engineering & Construction was trading at 86,100 KRW, up 3.36% from the previous trading day. During the session, the stock price surged to 86,400 KRW.

The rise in stock price is underpinned by expectations of a policy shift on nuclear power. KB Securities researcher Hyejeong Jung stated, "Reflecting the possibility of new domestic nuclear power plant construction depending on the presidential election outcome and the concretizing prospects of securing the Polish nuclear power plant construction project, we are revising the future average EPS growth rate upward from 12.2% to 18.6%." She added, "Since the nuclear phase-out policy was implemented in 2017, the construction of six new domestic nuclear power plants was canceled, diminishing expectations for KEPCO Engineering & Construction's domestic nuclear power plant orders. However, with the presidential election approaching, the possibility of a policy shift related to nuclear power is emerging."