[Special Stock] SK Square Highlights Attractive Shareholder-Friendly Shareholder Return Policy '↑'

SK Square's stock price is on the rise. Expectations of additional share buybacks and cancellations, as well as increased dividend income, appear to have influenced this trend.

As of 11:05 AM on the 6th, SK Square was trading at 61,000 KRW, up 1,700 KRW (2.87%) compared to the previous trading day. During the day, SK Square's stock price reached as high as 62,100 KRW, marking a 52-week high.

SK Square's stock price has been showing strength for consecutive days. Following the government's announcement of the 'Corporate Value-Up Program,' stocks with low price-to-book ratios (PBR) have seen significant gains, with SK Square rising 18.3% weekly, highlighting its undervaluation appeal.

Choi Gwan-soon, a researcher at SK Securities, explained, "Despite the recent stock price increase, the discount rate against SK Square's net asset value (NAV), which determines the valuation of holding companies, remains around 68%, the highest level among domestic holding companies."

He added, "They plan to repurchase and cancel 200 billion KRW worth of treasury shares by the end of March this year, and there is a high possibility of additional share buybacks and cancellations upon receipt of proceeds from the sale of SK Shieldus shares."

Furthermore, he noted, "SK Hynix, which accounts for about 75% of SK Square's NAV, is expected to see a full turnaround in performance this year," adding, "With the anticipated improvement in SK Hynix's performance, an increase in dividend income is also expected."

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