SKM - SK Telecom: Positive Takeaways From Annual General Meeting

2024-04-18 14:39:19 ET

Summary

• The strong growth for SK Telecom's data center business is expected to be sustained for the future, considering the company's aggressive capacity expansion target.
• SKM's recent comments indicate that its focus on boosting shareholder value via capital return is unchanged.
• After assessing the takeaways from the company's Annual General Meeting for the current year, I still think that SKM is deserving of a Buy rating.

Elevator Pitch

I award a Buy investment rating to SK Telecom Co., Ltd. ( SKM ) [017670:KS] shares. My focus was on SK Telecom's fourth quarter financial performance and the potential narrowing of the valuation discount for listed Korean companies in my earlier write-up published on February 4, 2024....

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