SKT, Only Recovery Left After Worst Stock Price - Target Price ↑-NH

[Financial News] NH Investment & Securities has raised SK Telecom's target stock price from 63,000 won to 65,000 won. As the subscriber churn has entered the final phase, it is expected that the stock price will recover.
Jae-min Ahn, a researcher at NH Investment & Securities, said on the 18th, "Although there was a tarnished image as the No. 1 company related to cyber incidents and a churn of 730,000 subscribers, the worst is over and only recovery remains," he analyzed, "There was a churn of about 1.05 million customers eligible for penalty exemption, but considering the incoming subscribers, there is a net decrease of 730,000."
The expected operating profit for this year is projected to decrease by 35.9% compared to the same period last year, to 1.17 trillion won.
Researcher Ahn said, "Despite the large-scale performance slowdown, the reason the stock price remains steady is due to dividends," adding, "At the end of this month, the board of directors will decide on the semi-annual dividend amount, and if it remains the same as the previous quarter at 830 won, there will be no further negative factors."   

koreanbae@fnnews.com Bae Han-geul Reporter