0408 GMT - KT Skylife is expected to maintain modest subscriber growth this year for its telecom services, including broadband and mobile-virtual-network-operator businesses, Daiwa Capital analysts Thomas Y. Kwon and Joon Lee say in a note. They expect the satellite-broadcasting affiliate of South Korean telecom giant KT to tighten control of labor and marketing costs to improve operating cash flows. They cut their 2025 net profit forecast for KT Skylife by 82% to reflect weaker-than-expected 1Q results and a sluggish advertising-market recovery in South Korea. Daiwa cuts the stock's target price by 6.8% to KRW4,800 and keeps an outperform rating. Shares are 0.9% higher at KRW4,355. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
May 20, 2025 00:08 ET (04:08 GMT)
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