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[Alpha Biz=(Chicago) Reporter Paul Lee] As the telecommunications industry is expected to remain sluggish this year, securities firms saw LG Uplus' target stock price fall and SK Telecom maintained its existing target price.
However, KT prepared by raising its target stock price, saying that some securities firms are making achievements in areas other than the telecommunication business and are improving profitability by reducing costs.
According to financial information provider FnGuide on the 5th, two of the 12 securities firms, including Mirae Asset Securities, that have recently raised KT's target stock prices are KB Securities and Meritz Securities. There were no securities firms that wanted to lower their target stock prices.
On the other hand, six out of 10 companies, including Hanwha Investment, Shinhan Investment, and Mirae Asset Securities, said they would lower LG Uplus' target stock price, more than half of them. In fact, during the month of January, KT's stock price rose by the largest margin among the three telecom companies. The stock price of KT was 34,150 won at the closing price on January 2, but the stock price increased by 4,400 won (12.88%) over the month to close at 38,550 won. On the other hand, LG Uplus' stock price rose only 270 won (2.65%) from 10,170 won.
The securities industry expects KT's quantitative growth to lead to performance. As of the end of last year, KT's fifth generation (5G) subscribers are estimated to be around 10 million. It is the second time to exceed 10 million 5G subscribers after SK Telecom. In addition, roaming sales are expected to continue to grow. LG Uplus has also continued to grow, with more than 19 million wireless subscribers excluding resale phone subscribers as of the end of last year.
In the case of LG Uplus, it is a dominant diagnosis that cost efficiency will be difficult unless offline stores are reduced.
The new investment has increased the cost burden. The opening of the IDC Pyeongchon 2 Center was analyzed to have contributed to the increase in costs.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
