April 19, 2024
Stocks & Bonds
[EQUITIES] ‘KT’s stock price has room to grow’
[THE INVESTOR] There still is room for KT’s stock price to rise on high expectations for its profits and correspondingly dividends, said HMC Investment Securities on March 16, maintaining a “buy” recommendation and 40,000 won (US$35.29) target price.
 |
Although KT posted the most improved earnings among the three major telcos in South Korea, it was relatively undervalued, encouraging expectations for further increase, said analyst Hwang Seong-jin.
KT announced that it will be the world’s first to commercialize 5G network in 2019, following a test service at 2018 PyeongChang Winter Olympics, and there are high expectations that it will lead the fourth industrial revolution, explained the analyst.
Its company-wide improvement in fundamentals will continue and subscribers to its mobile services will increase, added Hwang.
By Hwang You-mee (glamazon@heraldcorp.com)
