[Click eStock] "Positive SK Shareholder Return Policy"

SKT Tower, Jung-gu, Seoul. Photo by Jinhyung Kang aymsdream@

On the 7th, SK Securities evaluated SK's shareholder return policy as positive. They maintained a 'Buy' investment rating and a target price of 240,000 KRW.

Choi Gwan-soon, a researcher at SK Securities, stated, "SK has a favorable shareholder return policy involving the repurchase and cancellation of 1% of its market capitalization by 2025, and the value of the existing treasury shares is also likely to be highlighted."

On November 1st, SK announced the repurchase of treasury shares worth 120 billion KRW. The repurchase is now virtually complete. As a result, SK holds 25.5% of its treasury shares. The repurchased shares are scheduled to be canceled after the trust contract is completed on May 2nd. Following the corporate value-up program and improvements to the treasury share system, the value of treasury shares held by companies is expected to be emphasized.

Researcher Choi analyzed, "After the cancellation of treasury shares, SK will hold 24.8% of treasury shares," adding, "Since SK holds an outstanding amount of treasury shares even among holding companies, that value is expected to be reflected in the corporate value."

Additionally, Choi predicted, "In the second half of this year, when the semiconductor market turns around, the value of the semiconductor specialty gases sector (Materials CIC) and the wafer sector (SK Siltron) is likely to be highlighted," and "The upward momentum of the stock price is expected to increase as the second half progresses."

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