[Click eStock] KT Expected Dividend of 2,100 Won This Year

[Asia Economy Reporter Hwang Junho] NH Investment & Securities maintained the target price of KT at 42,000 KRW on the 10th, following solid performance and a dividend decision that exceeded expectations.

This year, KT's expected sales are projected to reach 26.1 trillion KRW, a 4.8% increase compared to last year. Operating profit is also anticipated to grow by 3.3% to approximately 1.73 trillion KRW. NH Investment & Securities analyzed that with a price-to-earnings ratio of 5.9 times this year, KT's appeal as a value stock will be highlighted. KT has previously provided guidance of consolidated sales at 26 trillion KRW, separate sales at 19 trillion KRW, and separate service sales at 16 trillion KRW for this year.

Additionally, the listing of subsidiaries is also anticipated. Millie's Library (Millie's Seoje) and K-Bank are scheduled to go public this year, and the listing of subsidiaries and enhancement of corporate value are expected to have a positive impact on KT's corporate value as well.

Notably, last year’s dividend per share was decided at 1,910 KRW. This is a significant increase compared to the previous estimate of 1,600 KRW.

Ahn Jaemin, a researcher at NH Investment & Securities, stated, "Although there were one-time gains in last year’s net profit, net profit is expected to grow this year, and accordingly, the dividend per share will also increase," adding, "the dividend per share is estimated to be decided at 2,100 KRW this year (dividend yield around 6.5%)."

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