New Street Research - SK Telecom Co. Ltd. (017670) SK Telecom (Buy, TP: KRW 116,000, +101%) New Corporate Value Up Plan

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New Street Research

Chris Hoare

EUR 9589.00 For Business Accounts Only

SK Telecom (Buy, TP: KRW 116,000, +101%) New Corporate Value Up Plan

SKT unveiled its Corporate Value Up plan, targeting to improve its ROE to over 10% by 2026 while retaining its previously announced FY24-26 shareholder return policy of at least 50% of adjusted consolidated profit.

25/10/2024 1 EN

Underlying

SK Telecom Co. Ltd.

SK Telecom is a wireless telecommunications services provider in the Republic of Korea (South Korea). Co. provides the following services: wireless Internet services, which include music portal services, game portal services, multimedia services, and wired and wireless integrated multimedia services; ubiquitous and convergence services, which include telematics, digital home, commerce, mobile radio frequency identification and mobile community; international roaming services, which include global system for mobile communication; video telephony services, which enable subscribers incorporating video conferences, as well as B2B services.

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KR7017670001 Korea Stock Exchange South Korea

Provider

New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

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US Telecoms, Cable, Satellite and Towers
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Pan European Telecom Services and Cable

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Analysts

Chris Hoare

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SK Telecom (Buy, TP: KRW 116,000, +101%) New Corporate Value Up Plan

South Korean Telcos Q3 24 review: Modest trends in Mobile and Fixed; Enterprise better

South Korean Telcos “Value-up” strategies likely to lead to divergent outcomes

SK Telecom (Buy, TP: KRW 100,000, +74%) Q3 24 Quick Take: Encouraging Enterprise growth and a decent improvement in EBIT

OpenAI: o3 is a game changer - a few steps away from AG. After the $1bn-to-train model, the $1m-inference model.

Airtel Africa (Buy, TP: GBp200, +85%) Second share buyback program

Takeaways from our conversation with VerticalScope (FORA-TO, Not rated)

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