SK Telecom Shares Surge 10% on Positive Outlook

by Michael Brown - Business Editor
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Seoul, South Korea – Shares of SK Telecom, South Korea’s largest wireless carrier, experienced a significant surge in early trading today, jumping over 10% amid positive analysis from investment firms. The rise follows reports that investor concerns regarding the company’s recent financial performance have largely been priced into the stock. Analysts at Hana Securities have upgraded SK Telecom to a top pick, citing potential gains from it’s new role as an self-reliant artificial intelligence foundation model operator.




SK텔레콤
SK텔레콤

[촬영 안 철 수]

(Seoul=Yonhap News Agency) Shares of SK Telecom surged more than 10% in early trading January 27, fueled by optimistic assessments from securities analysts.

As of 9:55 a.m. KST, SK Telecom was trading at 68,300 won, up 10.52% from the previous day’s close.

According to a report by Hana Securities analyst Kim Hong-sik, concerns surrounding SK Telecom’s fourth-quarter performance and potential dividend cuts are now widely factored into investor sentiment. He anticipates a rebound in profitability this year, benefiting from a low base effect.

Kim also noted that being selected as an independent artificial intelligence (AI) foundation model operator could create favorable supply and demand dynamics for the company. “A significant portion of the negative factors have already been reflected in the stock price,” he added.

Consequently, Hana Securities has upgraded SK Telecom to its top pick within the telecommunications services sector, raising its target price from 55,000 won to 80,000 won.

eun@yna.co.kr






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