Hana Securities’ research analyst predicted on the 21st that SK Gas would likely perform better than expected this year, projecting a “higher-than-expected” trend. The target price was held at ₩365,000, with a recommendation to buy.
Analyst Yoo Jae-sun of Hana Securities noted that the company’s second‑half performance would surpass its first half and that domestic operations could still see gains despite potential setbacks. He added that while the core business is improving, the 2nd quarter’s LPG production and marketing losses might be partially offset by real profits from the third quarter onwards.
He also pointed out that the PDH (Pro‑Basin‑D) project, which restructured its existing corporate structure into a new division, could reduce costs such as common expenses. He forecasted that with the rise of SMP (South‑Asia Market Price) in the second half, profitability would improve, and that considering Asia’s higher LNG prices, there is potential for additional earnings from LNG‑LPG opportunities.
However, he cautioned that because fuel prices have risen sharply this month and LPG relative prices have fallen, the volatility of the product mix might widen the margin swings.