Expect Flattish 2Q for KT Corp but it Remains Good Value
We expect KT to report low-single-digit revenue growth but a slight operating profit decline for its second-quarter result. We retain our fair value of USD 18.30 ahead of the result and continue to base our earnings forecasts on the old accounting standard until the company provides 2017 numbers with the new (K-IFRS 1115) standard. Our forecasts incorporate operating earnings declining by around 5% per year over the next five years which we think is conservative but despite this the stock trades...
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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