"Samsung C&T Dividends Also for Shareholders" KCC Strengthens Shareholder Returns... SK Expected to Expand Shareholder Returns Next Year Following Surprise Earnings [Stocktopia]

KCC has unveiled a more proactive shareholder return plan, including explicitly codifying the possibility of selling its investment assets, such as Samsung C&T, for the first time, and deciding to redistribute more than half of the special dividends received from Samsung C&T to shareholders even before the sale.KCC has unveiled a more proactive shareholder return plan, including explicitly codifying the possibility of selling its investment assets, such as Samsung C&T, for the first time, and deciding to redistribute more than half of the special dividends received from Samsung C&T to shareholders even before the sale.
KCC maintained its status as a top pick within the sector, receiving positive evaluations for its more proactive policy direction as it concretizes shareholder return plans utilizing investment assets such as Samsung C&T.
With SK's second-quarter operating profit exceeding market expectations by 77%, forecasts have emerged that the fruits of subsidiary growth will flow into the holding company in earnest starting next year, leading to an expansion of shareholder returns.
Wonik Materials, a manufacturer of specialty gases for semiconductor processes, saw its target price lowered due to rising costs such as logistics expenses; however, it was analyzed that a "low in the first half, high in the second half" trend is expected, along with the normalization of profitability in the second half.
KCC has unveiled a more proactive shareholder return plan, including explicitly codifying the possibility of selling its investment assets, such as Samsung C&T, for the first time, and deciding to redistribute more than half of the special dividends received from Samsung C&T to shareholders even before the sale.KCC has unveiled a more proactive shareholder return plan, including explicitly codifying the possibility of selling its investment assets, such as Samsung C&T, for the first time, and deciding to redistribute more than half of the special dividends received from Samsung C&T to shareholders even before the sale.Analyst Cho Hyun-ryeol stated, "The biggest difference in the 2026 Corporate Value Enhancement Plan announced by KCC compared to last year is that it codified the possibility of selling investment assets and newly established a plan for the redistribution of special dividends from Samsung C&T," adding, "more "The actively changed direction of the shareholder return policy is positive," the analysis stated.KCC has for the first time concretized its plan to sell investment assets at an appropriate time and return a portion of the sale proceeds to shareholders.Furthermore, it has decided to redistribute more than 50% of the special dividends received from Samsung C&T to KCC shareholders even before the sale.
The cancellation of treasury shares totaling 1,174,000 shares will also proceed as scheduled.
"Investor Cho stated, 'While investors did not expect dividends themselves from KCC, it is difficult to sell the entire amount in the short term given the scale of the investment assets,' adding, 'The fact that a plan to share profits with investors during the holding period has been established is positive.
'" Given the reality that it is difficult to sell assets all at once, the assessment is that the very act of establishing a mechanism to share profits with shareholders while holding the stock is significant.
SK Exceeds Operating Profit Consensus by 77% (Yuanta Securities) SK (034730) ― Yuanta Securities / Analyst Lee Seung-woong - Target Price: 830,000 KRW (Maintain) | Previous Day's Closing Price: 568,000 KRW Yuanta Securities maintained its target price of 830,000 KRW for SK, stating that the fruits of subsidiary earnings growth will begin flowing into the holding company in earnest starting next year.
841 trillion KRW, exceeding the market consensus by 77%.
This is the result of the semiconductor boom and improvements in SK Innovation's oil business, coupled with the benefits enjoyed by SK Eco Plant and SK AX from the expansion of their artificial intelligence (AI) data center businesses.
KCC has unveiled a more proactive shareholder return plan, including explicitly codifying the possibility of selling its investment assets, such as Samsung C&T, for the first time, and deciding to redistribute more than half of the special dividends received from Samsung C&T to shareholders even before the sale.KCC has unveiled a more proactive shareholder return plan, including explicitly codifying the possibility of selling its investment assets, such as Samsung C&T, for the first time, and deciding to redistribute more than half of the special dividends received from Samsung C&T to shareholders even before the sale.Analyst Cho Hyun-ryeol stated, "The biggest difference in the 2026 Corporate Value Enhancement Plan announced by KCC compared to last year is that it codified the possibility of selling investment assets and newly established a plan for the redistribution of special dividends from Samsung C&T," adding, "more "The actively changed direction of the shareholder return policy is positive," the analysis stated.1 trillion won next year.There is also speculation that if SK Hynix proceeds with a special dividend, the funds could flow in through SK Square.
Analyst Lee Seung-woong stated, "We assess that the improvement of the financial structure has entered its final stage following the sale of SK Siltron," adding, "We anticipate increased shareholder returns driven by rising subsidiary valuations and improved cash flow.
"Investor Cho stated, 'While investors did not expect dividends themselves from KCC, it is difficult to sell the entire amount in the short term given the scale of the investment assets,' adding, 'The fact that a plan to share profits with investors during the holding period has been established is positive.
" This means that the debt repayment phase has ended, and the company is moving into a phase of returning incoming cash to shareholders.
3%, from 70,000 won) | Previous Day's Closing Price: 34,050 won Shinhan Investment & Securities lowered its target price for Wonik Materials to 60,000 won, stating that while revenue growth exceeded expectations, cost burdens such as logistics expenses due to rising oil prices weighed down profitability.
However, they maintained a "Buy" rating, anticipating a normalization of profitability in the second half of the year.
Senior Researcher Kim Hyung-tae and others predicted, "We expect Wonik Materials to follow an earnings trend of 'low in the first half, high in the second half,' as previously anticipated," adding that "wafer input volume will further expand in the second half of this year due to customer ramp-up (increased production).
KCC has unveiled a more proactive shareholder return plan, including explicitly codifying the possibility of selling its investment assets, such as Samsung C&T, for the first time, and deciding to redistribute more than half of the special dividends received from Samsung C&T to shareholders even before the sale.KCC has unveiled a more proactive shareholder return plan, including explicitly codifying the possibility of selling its investment assets, such as Samsung C&T, for the first time, and deciding to redistribute more than half of the special dividends received from Samsung C&T to shareholders even before the sale.Analyst Cho Hyun-ryeol stated, "The biggest difference in the 2026 Corporate Value Enhancement Plan announced by KCC compared to last year is that it codified the possibility of selling investment assets and newly established a plan for the redistribution of special dividends from Samsung C&T," adding, "more "The actively changed direction of the shareholder return policy is positive," the analysis stated.While they lowered their operating profit estimates for this year, they actually raised their revenue and operating profit estimates for next year, forecasting that "with continued external growth and considering the ramp-up timeline, 2027 will be the stage for full-scale growth." ※ Wafer A thin, round silicon disc that serves as the base for making semiconductor chips.
Since circuits are etched onto this to create chips, an increase in wafer input means that semiconductor production increases accordingly, which in turn means more materials such as specialty gases are used.
"Investor Cho stated, 'While investors did not expect dividends themselves from KCC, it is difficult to sell the entire amount in the short term given the scale of the investment assets,' adding, 'The fact that a plan to share profits with investors during the holding period has been established is positive.
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KCC has unveiled a more proactive shareholder return plan, including explicitly codifying the possibility of selling its investment assets, such as Samsung C&T, for the first time, and deciding to redistribute more than half of the special dividends received from Samsung C&T to shareholders even before the sale.KCC has unveiled a more proactive shareholder return plan, including explicitly codifying the possibility of selling its investment assets, such as Samsung C&T, for the first time, and deciding to redistribute more than half of the special dividends received from Samsung C&T to shareholders even before the sale.
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