Earnings Alerts

KT Corp (030200) Earnings: 1Q Operating Profit Surpasses Estimates, Showing Yearly Growth of 4.2%

  • KT Corp‘s 1Q operating profit reached 506.50 billion won, a rise of 4.2% year-on-year.
  • The estimated operating profit was slightly lower at 501.92 billion won.
  • The net value stood at 375.50 billion won, a significant surge of 27% compared to the previous year.
  • The projected net figure was 361.09 billion won, indicating better-than-expected results.
  • KR Corp reported sales of 6.65 trillion won, increasing 3.3% on a yearly basis.
  • The anticipated sales figure was 6.59 trillion won, slightly less than the final report.
  • The company’s performance was well-received, receiving 24 buys, 1 hold, and no sells.
  • All comparisons to past results are based on values reported from company’s original disclosures.

KT Corp on Smartkarma

Analyst coverage on KT Corp by independent analysts on Smartkarma provides valuable insights into the company’s current situation. Sanghyun Park‘s bearish analysis titled KT’s Foreign Room Below 7.5%, Weight Down-Adjustment Expected in May, Resulting in 3x ADTV Outflow highlights the impact of decreasing foreign ownership on KT Corp. Park suggests that a potential weight down-adjustment in May could lead to an outflow of shares, emphasizing a possible long-short strategy with SK Telecom. With foreign ownership below 7.5%, the adjustment factor for KT Corp is at risk of dropping significantly.

On the other hand, Douglas Kim offers a bullish perspective in his report “Hyundai Motor Group Becomes the Largest Shareholder of KT Corp, noting that Hyundai Motor Group has overtaken the National Pension Service to become the largest shareholder of KT Corp. Despite the ownership shift, regulatory approval from the Korean Ministry of Science and ICT is still pending. Kim suggests that Hyundai Motor Group is likely to remain a passive investor in KT Corp, despite its newfound majority ownership status.


A look at KT Corp Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE4.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

KT Corp, a leading telecommunication services provider in South Korea, holds a promising long-term outlook based on its Smartkarma Smart Scores. With top scores in both Value and Dividend, indicating strong fundamentals and attractive dividend payouts, investors can find stability and income potential in this company. While scoring slightly lower in Growth and Momentum, KT Corp still demonstrates solid potential for future expansion and market traction, supported by its robust offerings of telecommunication services and internet access.

The company’s resilience score, although not at the highest level, reflects its ability to navigate challenges and maintain a steady performance. Overall, with a well-rounded set of scores across various factors, KT Corp presents itself as a reliable investment choice for those seeking a blend of value, income, growth potential, and stability in the dynamic telecommunication industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars