[Featured Stock] KEPCO Engineering & Construction Soars Over 6.20% on Expectations of Domestic and International Nuclear Power Expansion

Expectations for the expansion of nuclear power plants domestically and internationally have driven KEPCO Engineering & Construction Company's stock price up by over 6%.

As of 10:09 AM on the 22nd, KEPCO Engineering & Construction Company's stock price is trading at 58,200 KRW, up 3,400 KRW (6.20%) compared to the previous trading day.

On this day, Sung Jong-hwa, a researcher at Ebest Investment & Securities, stated, "Following last year, sales are expected to continue a stable upward trend this year as well," adding, "Operating profit margin is also forecasted to rise significantly once again due to increased design service sales for Shin Hanul Units 3 and 4 and the fixed cost leverage effect."

Construction site of Shin Hanul Units 3 and 4 at Korea Hydro & Nuclear Power Hanul Nuclear Power Headquarters in Uljin-gun, Gyeongsangbuk-do. Currently, foundation groundwork has been completed, and once the Nuclear Safety and Security Commission grants construction approval, full-scale construction work such as excavation will begin.
[Image source=Yonhap News]

Regarding overseas nuclear power plant issues, he said, "We believe there is sufficient potential for it to act as a meaningful growth driver starting in the second half of the year." He explained, "The Czech Republic's Dukovany Units 5 and 6, Temelin Units 1 and 2, totaling four units, are expected to have a high likelihood of being contracted by 'Team Korea,' including Korea Hydro & Nuclear Power (KHNP)," adding, "Poland's Pontonuf Phase 2 (Units 2 and 4) is currently proceeding as a sole-source contract by Team Korea, and KHNP is preparing a contract for a feasibility study. The timing of the main contract is difficult to predict accurately due to the varying durations of feasibility studies, but it is likely to be around the first half of next year."