SK broadband and Netflix, the world’s leading online video streaming service (OTT), have settled their network usage fee litigation and agreed to a service partnership. Consequently, customers can now access Netflix content on SK telecom’s mobile and Internet Protocol TV (IPTV) platforms.While the l
KT, the South Korean telecommunications giant, announced that it will host an exhibition for domestic ICT innovation companies at Viva Technology 2023 (VivaTech), Europe's largest startup exhibition held annually. The company aims to assist these firms in their entry into the European market.The
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.Nasmedia registered an earnings shock for 1Q23 on heavier-than-expected damage to core business earnings amid an economic slowdown. Reflecting such, we lower our TP to W30,000, but stick to a Buy ra
The author is an analyst of KB Securities. He can be reached at yonghyun.choi@kbfg.com. -- Ed. Maintain BUY, raise target price to KRW110,000 We maintain BUY and raise our P/B-ROE-based TP by 10.0% to KRW110,000 (19.9x 2023 P/E; 23.0% upside) on CJ ENM. We raised long-term ROE (7.81% 5y avg.), as fo
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. 3Q22 OP at KRW285.1bn (+3.0% YoY)— LGU posted 3Q22 consolidated revenue/OP of KRW3.50tn (+0.7% YoY)/KRW285.1bn (+3.0% YoY). OP beat the market consensus (KRW274.9bn) but in line with our estimate (KRW290
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. Maintain BUY, target price of KRW44,000 We maintain BUY and TP of KRW44,000 on KT. The company should maintain its upward trajectory through 2023, propelled by its non-telco DIGICO business and steady wi
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. Maintain BUY, target price of KRW44,000 We maintain BUY and TP of KRW44,000 on KT. Our investment points are:(1) the robust growth potential of non-telco DIGICO businesses;(2) a sustained uptrend in Wire
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. 2Q22 review: OP of KRW459.2bn (-3.5% YoY) meets KB estimate, market consensus— KT posted 2Q22 consolidated revenue of KRW6.31tn (+4.7% YoY) and OP of KRW459.2bn (-3.5% YoY), both meeting the market conse
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. 2Q22 review: OP growth of KRW459.6bn (+16.2% YoY)— SKT posted 2Q22 consolidated revenue of KRW4.29tn (+4.0% YoY) and OP of KRW459.6bn (+16.2% YoY), both meeting the market consensus (KRW4.31tn revenue; K
KT announced on Aug. 7 that it has signed a strategic cooperation agreement with Turk Telekom, a Turkish telecom operator.According to KT, Turk Telekom will launch the Korean Section on its Internet TV (IPTV) and over the top (OTT) service. KT plans to supply Korean content to the Korean Section and
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. The business environment remains favorable for telcos including LG U+. We forecast 2022 DPS of W700 (including interim dividends) and DY of 5.7%.Wireless business healthy; corporate infrastructur
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. LG U+ typically shows higher subscriber and OP growth than competitors. However, in 1Q22, sales slowed compared to those of competitors. That said, we expect to see a recovery from 2Q22.OP grows
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Amid low demand for handset replacement, competition in the telecom industry is stabilizing. Also, as sales growth is continuing on the expansion of 5G penetration, OP growth should sustain. SKT’
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Helped by easing competition in the paid broadcasting market and an increase in MVNO subscriber numbers, sales growth is gradually accelerating at LG HelloVision. Also positive, OPM is on the ris
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. Maintain BUY, target price of KRW75,000 We maintain BUY and TP of KRW75,000 on SKT. We are bullish given:(1) a reinforced dividend policy;(2) improving profitability for core business (plunge in marketin
KT announced on March 3 that it has signed a memorandum of understanding (MOU) with Turkey's No. 1 telecom operator Turk Telekom to provide KT's various digital transformation (DX) services to Turkish customers.Through an agreement signed at MWC 2022 in Spain, the two companies decided to ex
KT will participate in this year's Mobile World Congress (MWC), which will be held for the first time in three years.KT announced on Feb. 20 that it will run an exhibition hall at MWC 2022, which will run in Barcelona, Spain, from Feb. 28 to March 3 (local time). The KT exhibition hall, formed u
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. LG U+ is to remain on a steady earnings growth track thanks to the combination of stable wireless service earnings and expansion of its corporate infrastructure businesses such as IDC and cloud t
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Following the spin-off into SKT and SK Square, SKT is now focused solely on telecommunications business. With stable earnings growth continuing and quarterly dividends in the pipeline, now is the
SK Telecom CEO Yoo Young-sang discussed cooperation in a wide range of ICT businesses with Roh Tae-moon, head of the MX Business Division of Samsung Electronics at CES 2022 in Las Vegas on Jan. 5 (local time).Yoo visited Samsung Electronics’ booth at CES 2022 and Roh took him through the new product