Profile
Sector:
Communication ServicesIndustry:
Telecom ServicesCountry:
South KoreaIPO:
26 May 1999Website:
http://www.kt.comNext earnings report:
07 August 2024Last dividends:
27 March 2024Next dividends:
N/APrice
after hours | Fri, 21 Jun 2024 22:40:00 GMTAnalysts recommendations
Institutional Ownership
KT Latest News
The key positive factors for KT include favorable shareholder capital return expectations, the latest collaboration with Microsoft, and the improvement in the competitive dynamics for its telecommunications business. KT Corporation's valuations are undemanding as evidenced by its low-single digit forward EV/EBITDA multiple. I raise my rating for KT stock from a Hold to a Buy, following an analysis of the stock's valuation metrics and positive re-rating drivers.
The fast-track 5G rollout and solid wireless traction should help the Zacks Wireless Non-US industry thrive despite short-term headwinds. TIMB, SKM and KT are well-positioned to make the most of the demand for seamless connectivity solutions.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
KT Corporation (KT) Q4 2023 Earnings Call Transcript
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
RWAY, KT and ORRF made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 20, 2023.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
KT Corporation (NYSE:KT ) Q3 2023 Earnings Conference Call November 7, 2023 1:00 AM ET Company Participants Seung-Hoon Chi - Investor Relations Young-Jin Kim - Chief Financial Officer Conference Call Participants Hoi Jae Kim - Daishin Securities Jisoo Jeong - Meritz Securities Joonsop Kim - KB Securities Seyon Park - Morgan Stanley Young-Jin Kim [Call starts abruptly] Our salary negotiations were reflected in Q4 last year, while we were able to smooth our content sourcing cost this year. In this regard, operating income has increased Y-o-Y in both consolidated and stand-alone basis to continue solid growth.
KT's positives are that a new CEO is expected to be formally appointed soon and the company did a good job managing costs in Q2. The key negatives relating to KT are that the company's future earnings and dividends could potentially miss expectations. I have a Neutral view of KT Corporation stock as an investment candidate, considering both positives and negatives relating to the stock.
The shortlisting of potential CEO candidates for KT is expected to be completed in July, but there is the risk of a delay due to political pressures. It is also reasonable to be concerned about the potential changes to KT's dividend policy and corporate strategy under the charge of a new CEO. It will be premature to upgrade KT to a Buy, given that it is still uncertain who will be its new CEO, and when he or she can be appointed.
What type of business is KT?
KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services. It also provides media and content services, including IPTV, satellite TV, digital music, e-commerce, online advertising consulting, and digital comics and novels services; and credit card processing and other financial services. In addition, the company offers information technology and network services, and satellite services; sells handsets and miscellaneous telecommunications equipment; develops and sells residential units and commercial real estate; and rents real estate properties. Further, it maintains public telephones; offers security, B2C and B2B, investment fund, software development and data processing, value added network, system integration and maintenance, mobile marketing, PCS distribution, satellite broadcasting, cloud system implementation, network installation and management, and data center development and related services. Additionally, the company is involved in the Internet banking ASP and security solutions, residential building development and supply, sports group management, technology business finance, software development and supply, submarine cable construction and maintenance, and trunk radio systems businesses. As of December 31, 2020, the company served approximately 22.3 million mobile subscribers and 8.8 million IPTV subscribers. The company was formerly known as Korea Telecom Corp. and changed its name to KT Corporation in March 2002. KT Corporation was founded in 1981 and is headquartered in Seongnam, South Korea.
What sector is KT in?
KT is in the Communication Services sector
What industry is KT in?
KT is in the Telecom Services industry
What country is KT from?
KT is headquartered in South Korea
When did KT go public?
KT initial public offering (IPO) was on 26 May 1999
What is KT website?
https://www.kt.com
Is KT in the S&P 500?
No, KT is not included in the S&P 500 index
Is KT in the NASDAQ 100?
No, KT is not included in the NASDAQ 100 index
Is KT in the Dow Jones?
No, KT is not included in the Dow Jones index
When does KT report earnings?
The next expected earnings date for KT is 07 August 2024