April 24, 2024

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[THE INVESTOR] KT’s stock price has declined at an excessive level, said SK Securities on Nov. 2, but maintained a “buy” recommendation. 

Although uncertainties regarding the possible reinforcement of regulations remain, the price fell exceedingly considering the telcos’ capacity to garner stable profits and pay dividends, said analyst Choi Gwan-sun.

Its dividend per share this year will rise to 1,000 won (US$0.90) at 3.4 percent dividend rate and its stock price will be bolstered, forecast the analyst. As the earnings prospect was slightly lowered, however, the target price has been adjusted to 38,000 won from 40,000 won, explained Choi. 

By Hwang You-mee (glamazon@heraldcorp.com)