[THE INVESTOR] Samsung Securities said Korea Gas Corporation ’s stocks are considerably undervalued, trading at around 0.33 times price-to-book value.

“We expect that KOGAS’ profit from overseas resources development projects to bottom out from July while domestic sales of liquefied natural gas remain stable,” said Yang Ji-hye, an analyst at the securities firm.
 

Samsung Securities maintained its buy rating and price target of 58,000 won (US$49.90) for KOGAS.

The stock was up 1.26 percent to 40,300 won in intraday trading as of 9:10 am on July 6.

By Park Han-na (hnpark@heraldcorp.com)