Daishin raises KOGAS target to KRW 45,000 for KOGAS stock

Published on 10/25/2026 at 02:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Daishin lifted its KOGAS target to KRW 45,000 on October 21, 2026. The KRW 7.62 trillion revenue estimate matters for KOGAS stock.

Operating earnings and dates

Daishin Securities raised its KOGAS target to KRW 45,000 on October 21, 2026.
KOGAS posted KRW 1.5853 trillion in first-half 2026 operating profit, up 28.00 percent.
KOGAS reported September 2026 gas sales of 1.764 million tons, down 8.00 percent year over year.

KOGAS, KR7036460004, Illustration mit AI erstellt.

Korea Gas Corporation (KR7036460004) received a higher target of KRW 45,000 from Daishin Securities on October 21, 2026, up from KRW 42,000. Aju Press reported that the upgrade reflected higher oil price assumptions and stronger overseas operations.

Higher overseas profit drives target

Daishin Securities expects third-quarter 2026 revenue of KRW 7.62 trillion, an increase of 19.60 percent from the same period a year earlier. Operating profit is projected at KRW 431.2 billion, up 10.80 percent and close to the KRW 419.0 billion consensus estimate, according to Aju Press.

The split between businesses is important. Daishin expects gas wholesale operating profit to fall 20.20 percent to KRW 223.0 billion, while overseas operating profit could rise 94.70 percent to KRW 205.2 billion as Canadian BC LNG sales volumes and LNG prices improve.

What does the target mean for earnings?

The answer is a stronger overseas contribution, but receivables remain a counterweight. Chosunbiz reported that Hana Securities expects third-quarter 2026 operating profit of KRW 527.6 billion, up 35.40 percent, while revenue is forecast to decline 34.60 percent to KRW 8.6 trillion. Hana also expects accounts receivable to increase through early 2027.

Three dated earnings signals

On August 16, 2026, KOGAS reported first-half 2026 revenue of KRW 19.3102 trillion, down 5.20 percent year over year, while operating profit rose 28.00 percent to KRW 1.5853 trillion and net income increased 96.10 percent to KRW 887.1 billion, according to TBC. On October 13, 2026, September 2026 natural gas sales totaled 1.764 million tons, down 8.00 percent year over year, according to DigitalToday. On October 21, 2026, Daishin Securities raised its target to KRW 45,000 from KRW 42,000.

Next reporting date is March 23

KOGAS is scheduled to release its next earnings report on March 23, 2027, according to TradingView. That date places the receivables trajectory and overseas LNG earnings at the center of the next formal company update.

Receivables temper the upside case

KOGAS closed at KRW 36,550 on the Korea Exchange on October 20, 2026. The company therefore faces two competing signals: oil-linked overseas earnings are improving, while regulated domestic gas economics continue to influence receivables and future dividend capacity.