Hana Securities maintained its target stock price of KRW 33,000 for KT.

COMPANY / Reporter Paul Lee / 2024-01-31 08:38:00
 

 

[Alpha Biz=(Chicago) Reporter Paul Lee] Hana Securities maintained its investment opinion neutral and target stock price of KRW 33,000 on the 31st, saying its operating profit is likely to fall again this year following last year.

Hana Securities predicted KT's fourth-quarter estimates and consensus that its annual consolidated operating profit last year is likely to shift downward.

Analysts say that KT's subsidiary's performance this year is likely to decrease unless it shows dramatic positive changes. In addition to the decrease in mobile telecommunication (MNO) mobile phone subscribers, MNO sales are expected to decrease due to a decrease in net 5G subscribers, and MVNO is also difficult to guarantee high growth this year.

In addition, the regulatory situation is not good, such as the launch of a 5G plan that is closely organized by data usage, the possibility of scrapping the Mobile Distribution Improvement Act, and the possibility of launching a fourth mobile telecommunication business.

 

Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)

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