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 9547.00 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

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New Street Research

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Analysts

Chris Hoare

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

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

South Korean Telcos Q2 24 review: Softer but capex moderation remains encouraging

Alphabet (GOOGL, Buy, $213 target) Forget Chrome, 3P payments are the heart of the issue

SATS: DBS merger breaks

3Q24 Broadband Trends: FWA capacity limits; FWA demand limits

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