[Infostock Daily=Reporter Lee Dong-hoon] Ebest Investment & Securities will start coverage of KT with investment opinion of "Buy' and the target price of 33,000 won.
Ebest Investment & Securities believes "KT has ample room for a rise in stock prices as there is a high possibility of a rise in dividends as it is expected to continue to have strong business in 2021."
"The wireless ARPU has rebounded to 31,946 won (+ 1.9% y), which has fallen for five consecutive years. It accounts for more than 60% of the Choice plan that combines content subscription products among new 5G subscribers. The wireless ARPU will continue to rise to 32,827 won in 2021". the securities firm added.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
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