[Alpha Biz=(Chicago) Reporter Paul Lee] SK Networks (001740) has been on the decline amid downward revision of investment opinions in the stock market.

According to Market Point on the 14th, SK Networks is trading at 7,660 won at 9:12 am, down 370 won (4.61%) from the previous trading day.

On the same day, Samsung Securities lowered its investment opinion from "buying" to "holding", evaluating SK Networks that it should justify its corporate value beyond the recent rise in stock prices through the materialization of its capital utilization strategy. The target price was slightly raised from 7,100 won to 7,500 won.

"Given that the increase in interest costs due to high net debt and high interest rates resulted in a sharp drop in net profit despite the level of quarterly operating profit until the third quarter of last year, the company needs to justify its corporate value beyond the recent rise in stock prices through the establishment of the company's identity that should be supported by its performance and the materialization of a capital utilization strategy for this purpose," said Baek Jae-seung, a researcher at Samsung Securities Co.

 

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