0755 GMT - South Korean telecom giant KT's 1H earnings could remain weak, Nomura's Angela Hong and Won Kang say. KT's 1Q operating profit likely fell 29% on year, partly due to higher costs from a customer retention program following a 2025 data breach, the analysts write in a note. They say such cost pressures could persist through 2Q. Earnings could gradually recover in 2H, supported by potential write-backs of provisions related to the data breach and the recognition of real estate sales, they note. Nomura raises its target price for KT by 11% to 62,000 won and maintains a neutral rating. Shares are up 0.3% at 64,400 won. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
April 15, 2026 03:55 ET (07:55 GMT)
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