KTB Investment & Securities raised Korea Gas Corporation's investment opinion 'buy' and target stock price to 40,000 won on the 15th.
Korea Gas Corporation is a company that introduces liquefied natural gas (LNG) from overseas production sites and supplies it to domestic power generation and urban gas companies.
KTB Investment & Securities forecast Korea Gas Corporation's total sales this year to rise 17.53% (717.8 billion won) to 4.8124 trillion won.
Korea Gas Corporation's third-quarter sales are also expected to exceed the same period last year. The Korea Gas Corporation is considering the previously mentioned LNG extraction hydrogen-based production business and the Hinet-based charging station business.
The Korea Gas Corporation plans to build base hydrogen production bases in Changwon and Gwangju to produce hydrogen from the second half of 2022 and expand to 25 hydrogen production bases by 2030.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
