KT Corporation: Transforming Into An AICT Company To Raise Profitability [Seeking Alpha]
KT Corporation (KT)
US:NYSE Investor Relations:
corp.kt.com/eng/html/investors/main.html
Company Research
Source: Seeking Alpha
KT Corporation's transformation into an AICT company and the road to 6G make it a hold into 2025 despite recent earnings hits. The ICT segment, accounting for 69.5% of Q2 2024 revenue, is crucial, and AI integration is necessary for growth and profitability. KT plans to invest 68% of its market cap into AI by 2027, aiming for KRW1 trillion in AI sales within two years. KT's forward P/E ratio of 5.50X and a dividend yield of 6.99% indicate undervaluation, suggesting potential upside into 2025. Diversity Studio/iStock via Getty Images South Korea's integrated telecommunication service provider, KT Corporation ( NYSE: KT ) has risen 22% (YoY) and has gained 32.71% over the last 5 years. It released its financial earnings for Q2 2024 which saw operating revenues remain constant on a year-over-year basis and a slight drop of 1.6% (QoQ). Despite the hit on earnings, I will explain why the transformation of KT Corporation into an artificial intelligence (tele)communication technol
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News
- KT Co. (NYSE: KT) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- KT Corp (KT) Q3 2024 Earnings Call Highlights: Strong Operating Income Growth Amid Revenue ... [Yahoo! Finance]Yahoo! Finance
- KT Co. (NYSE: KT) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- KT Corp (XKRX:030200) Q3 2024: Everything You Need to Know Ahead of Earnings [Yahoo! Finance]Yahoo! Finance
- South Korea Colocation Existing & Upcoming Data Center Portfolio Report 2024-2028: White-floor Space (Square Feet), Current and Future IT Load Capacity, Retail & Whole Colocation Pricing, [Yahoo! Finance]Yahoo! Finance
KT
Analyst Actions
- 9/10/24 - New Street Research
KT
Sec Filings
- 11/13/24 - Form SC
- 11/8/24 - Form 6-K
- 11/5/24 - Form 6-K
- KT's page on the SEC website