- SK Telecom's Q2 2021 results were decent; quarterly revenue accounted for a quarter of its full-year revenue target, while quarterly operating profit came in only -2% below market expectations.
- The company's spin-off was approved by the board in June and is expected to be completed in November, and I expect this corporate action to be value-accretive for shareholders.
- SK Telecom currently trades at 0.86 times trailing P/B and 7.8 times consensus forward FY 2022 normalized P/E.
For further details see:
SK Telecom: Decent Results With Proposed Spin-Off In The Spotlight