[Featured Stock] SK Gas Hits 52-Week High... Potential Expansion of US LNG Imports

SK Gas is showing strength as it hits a 52-week high amid the possibility of expanding imports of U.S.-produced liquefied natural gas (LNG).

As of 9:28 a.m. on the 20th, SK Gas's stock price is trading at 241,500 won, up 1.47% from the previous trading day. It recorded a 52-week high (247,000 won) again in the early session following the previous day.

One of the responses to tariffs imposed by U.S. President Donald Trump is the likely expansion of U.S. LNG imports, and SK Gas has continued its upward trend for four consecutive trading days. SK Gas is expanding its business structure from liquefied petroleum gas (LPG) to LNG and power generation. Since the end of last year, it has been commercially operating LNG power generation at the Ulsan GPS power plant. Ulsan GPS is the world's first gigawatt (GW)-class LNG and LPG combined gas power plant, constructed with an investment of 1.4 trillion won by SK Gas.

On this day, Yoojin Jeon, a researcher at iM Securities, said, "In Trump's energy era, it is necessary to pay attention to SK Gas's competitiveness in flexibly controlling both LPG and LNG," raising the target price to 300,000 won while maintaining a 'buy' investment rating.