[THE INVESTOR] KT will not be able to satisfy fourth-quarter earnings prospects, said Korea Investment and Securities on Dec. 28, maintaining a “buy” recommendation and 38,700 won (US$36.09) target price.
Its revenue will be in line with analysts estimates at 5.94 trillion won but operating profit, burdened by personnel costs and 5G-related business, will be close to 20 percent lower at 218.3 billion won, estimated analyst Yang Jong-in.
By Hwang You-mee (glamazon@heraldcorp.com)