New Street: KT Corp (Buy, TP: USD 24, +77%) Current CEO poised to serve a second term; positive implications
Yesterday, KT’s current CEO, Ku Hyeon-mo, was officially nominated as the next CEO candidate by the Representative Director Candidate Examination Committee ("RDCEC"). This bodes well with us as KT’s recent growth is reflective of its successful execution as it diversifies away from the traditional fixed and wireless telco into a Digico, focused on higher growth areas such as B2B, media and content. At its 7.3x FY24E P/E, it is currently our top pick given the risk/reward
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New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
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