Skylife, Strengthens platform competitiveness by acquiring Hyundai HCN(Hyundai Motor Securities)
Skylife, Strengthens platform competitiveness by acquiring Hyundai HCN(Hyundai Motor Securities)
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  • 승인 2020.09.25 14:52
  • 최종수정 2020.09.25 14:52
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[Infostock Daily= Reporter An Hoe Hyun] Hyundai Motor Securities maintained a 'BUY' rating and a target stock price of KRW 12,000, saying that it will be possible to secure new growth engines by strengthening platform competitiveness through the acquisition of Hyundai HCN for Skylife on the 25th.

"The acquisition of Hyundai HCN, which is being attempted as part of the group-level media platform reinforcement strategy in the pay-TV market, which is rapidly reorganizing recently centered on the IPTV camp, will see fruit soon," the company predicted.

"When the acquisition of Hyundai HCN is complete, the three-way structure of the media platform leading to KT Group’s IPTV, satellite broadcasting, and cable TV total cable broadcasting service provider(SO) will be completed. From the standpoint of Skylife, There is a high possibility that economies of scale will be realized due to enlargement by providing an opportunity to utilize independent advantages as a satellite operator and cover the shortcomings of lack of bilaterality," the company analyzed.

Not only strategies to strengthen competitive edge in platforms, but also moves to strengthen capabilities in contents are also seen as positive.

Reporter An Hoe Hyun ahh@infostock.co.kr


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