[Featured Stock] SK Gas Up 3.44% on Expectations for New Business and Shareholder Returns

The stock price of SK Gas, expected to diversify its revenue with the commencement of commercial operations at Ulsan GPS (Gas Combined Cycle Power Plant) and North America ESS (Energy Storage System), is on the rise.

As of 10:57 AM on the 22nd, SK Gas was trading at 186,500 KRW, up 6,200 KRW (3.44%) from the previous trading day.

NH Investment & Securities maintained a "Buy" rating and a target price of 220,000 KRW for SK Gas on the same day. Researcher Minjae Lee from NH Investment & Securities explained, "As the LNG value chain begins full-scale operation next year, related profits are expected to reach 200 billion KRW," adding, "The ESS business will also start commercial operations by the end of this year through a joint venture called 'SA Grid Solutions' with a U.S. partner."

The researcher added, "SK Gas's shareholder return policy is also attractive from a valuation perspective, and the dividend yield based on the current stock price would be 5.0% upon dividend declaration."