[Featured Stock] KT Rises on Strong Earnings Performance

[Asia Economy Reporter Park Soyeon] KT's stock price is showing strength based on solid earnings.

As of 10:08 AM on the 11th, KT is trading at 34,350 KRW on the KOSPI market, up 950 KRW (2.84%) from the previous day.

KT announced earnings for the second quarter that exceeded market consensus, with an operating profit of 475.8 billion KRW and revenue of 6.0276 trillion KRW.

The improvement in performance is attributed to an increase in ARPU based on the growth of 5G subscribers, efficient marketing cost execution, and reversal of device inventory valuation losses.

Lee Hak-moo, a researcher at Mirae Asset Securities, stated, "The competitive advantage of 5G bundled media and content products such as Netflix and Season, which show relatively high 5G ARPU, is significantly contributing to the overall ARPU increase."

Oh Tae-wan, a researcher at Korea Investment & Securities, said, "While the core segments such as wireless IPTV continue to grow in scale, cost efficiency based on eased competition is also ongoing." He maintained a 'Buy' investment rating and a target price of 37,000 KRW.

NH Investment & Securities also maintained a 'Buy' rating with a target price of 42,000 KRW.

Meanwhile, KT has a market capitalization of 8.9953 trillion KRW, ranking 45th on the KOSPI. The number of listed shares is 261,111,808, with a par value of 5,000 KRW per share.

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