PKX - POSCO: Yield Play With Long-Term Growth Potential (Rating Upgrade)
2024-07-16 12:19:12 ET
Summary
- My rating for POSCO Holdings is raised to a Buy. PKX is an attractive investment candidate offering both an enticing shareholder yield and favorable growth prospects for its battery materials business.
- I estimate that the stock boasts a potential mid-single digit percentage shareholder yield for 2024, after assessing its recent treasury stock cancellation announcement.
- The company has set a goal of expanding its battery materials unit's top line by a CAGR of +32% for the coming three years.
Elevator Pitch
POSCO Holdings Inc. ( PKX ) [005490:KS] stock is awarded a Buy rating. My earlier May 1, 2024 update reviewed PKX's Q1 2024 financial results....
POSCO: Yield Play With Long-Term Growth Potential (Rating Upgrade)