KT - KT: Modest Q1 2020 Results
Investment highlights
KT Corporation (KT) reported higher-than-expected results for 1Q20. The company was relatively unscathed by COVID-19, and the growth in the wireless, media, and B2B segments pushed earnings higher. Social distancing has slowed 5G subscriber growth, but mobile ARPU displayed solid growth. With competition in the market mostly subdued, marketing demand also weakened, helping the company to effectively control costs.
We are monitoring the company to see if it makes additional moves to cement its leadership in the media market. There are many possibilities, such as a purchase of an SO or a reshuffling