KT May Have Most Near-Term Positives Reflected in Valuation -- Market Talk
Dow Jones
May 12, 2025
0232 GMT - South Korean telecom giant KT may have most of its near-term positives reflected in its valuation, Nomura analysts Angela Hong and Won Kang write in a note. KT's 62% share-price rally for the past two years, outperforming benchmark Kospi's 4% gain for the same period, shows it has delivered on its structural reforms agenda through labor restructuring, monetizing real estate assets and streamlining its business portfolio, they say. Nomura downgrades its rating on the stock to neutral from buy, while raising its target price by 5.7% to KRW56,000 to factor in the company's continued earnings momentum and improved operational efficiency. Shares are flat a tKRW51,500. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
May 11, 2025 22:32 ET (02:32 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.