[Click eStock] "SK Telecom, Stock Price Difficult to See Again Within Several Years"

[Asia Economy Reporter Park Jihwan] Hana Financial Investment evaluated SK Telecom on the 14th, stating that the current stock price is distorted to a degree unlikely to be seen again for years, and that it is an excellent opportunity in the mid to long term. Accordingly, the investment opinion was maintained as "buy," and the target price was kept at 330,000 KRW.

Kim Hongsik, a researcher at Hana Financial Investment, explained, "Being able to buy SKT below 200,000 KRW is quite a fortune, and from an investment strategy perspective, I recommend aggressive buying looking beyond the second half of the year," adding, "The possibility of SKT's earnings deterioration in the first half has been continuously mentioned since the beginning of the year, so a significant portion of this has already been reflected in SKT's stock price."

He also analyzed that considering there is realistically no risk of dividend reduction, based on past experience, the likelihood of successful investment in SKT was high when the expected dividend yield was above 5%. Despite the strong possibility of an operating profit turnaround after the third quarter this year, the stock price is forming excessively low compared to the KOSPI due to short-term earnings concerns.

Researcher Kim Hongsik emphasized, "Looking ahead to early next year, there is a high probability that the merger corporation of SKB-T-Broad, ADT Caps, the IPO of 11st, and restructuring of the governance structure will become visible," and added, "The value of subsidiaries and the possibility of increased dividends will be highlighted in the stock market."

He added, "The short-term slowdown in net 5G subscriber growth due to the COVID-19 pandemic is a negative factor, but in the long term, the increase in traffic patterns is likely to induce upselling of rate plans, so benefits are also expected."

This content was produced with the assistance of AI translation services.