SSNLF - KT Corp: Success In Diversifying Revenues And Pays Dividends Too
- KT Corporation is a South Korean telco that has seen success in diversifying revenues away from voice and text.
- This diversification is evident in its better revenues compared to European and North American peers and the growth in its Digital Platform called DIGICO.
- It faces competition in its home market, but its 5G penetration reaching 50% shows that it is strong in mobile services.
- There are inflation-led headwinds that should impact profitability in the second quarter and the rest of 2022.
- Still, with its ability to sustain operating margins since 2017, and given the fact that it is undervalued and pays dividends too, the company is a buy.
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KT Corp: Success In Diversifying Revenues, And Pays Dividends, Too